H.R. 629 · 114th Congress
Permanent S Corporation Built-in Gain Recognition Period Act of 2015
- Stage
- Reported from committee
- Sponsor
- David Reichert
- Introduced
- 2015-01-30
- Latest action
- 2015-02-09 · Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-15.
Summary
Permanent S Corporation Built-in Gain Recognition Period Act of 2015
(Sec. 2) Amends the Internal Revenue Code to reduce from 10 years to 5 years the period during which the built-in gains of an S corporation are subject to tax and to make such reduction permanent.