S. 3223 · 112th Congress
A bill to amend the Internal Revenue Code of 1986 to permanently extend the reduction in the recognition period for built-in gains for S corporations.
- Stage
- In committee
- Sponsor
- Benjamin Cardin
- Introduced
- 2012-05-23
- Latest action
- 2012-05-23 · Introduced in Senate
Summary
Amends the Internal Revenue Code to provide for a permanent reduction from 10 to 5 years in the recognition period for built-in gains of S corporations.