H.R. 4877 · 111th Congress
Community Bank and Automotive Industry Recapitalization Act of 2010
- Stage
- In committee
- Sponsor
- Jared Polis
- Introduced
- 2010-03-18
- Latest action
- 2010-03-18 · Introduced in House
Summary
Community Bank and Automotive Industry Recapitalization Act of 2010 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of qualified investment property acquired within 18 months after the enactment of this Act and held for more than five years. Defines "qualified investment property" as original issue stock in a community bank with less than $10 billion in assets or an automotive company.