US HB1313 | 2011-2012 | 112th Congress
Status
Sponsorship: Bipartisan Bill
Status: Introduced on April 1 2011 - 25% progression, died in committee
Action: 2011-04-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 1 2011 - 25% progression, died in committee
Action: 2011-04-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Community Bank and Automotive Industry Recapitalization Act of 2011 - 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.
Title
Community Bank and Automotive Industry Recapitalization Act of 2011
Sponsors
| Rep. Jared Polis [D-CO] | Rep. Mike Coffman [R-CO] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-04-01 | House | Referred to the House Committee on Ways and Means. |
Subjects
Bank accounts, deposits, capital
Capital gains tax
Financial services and investments
Income tax exclusion
Manufacturing
Motor vehicles
Securities
Taxation
Capital gains tax
Financial services and investments
Income tax exclusion
Manufacturing
Motor vehicles
Securities
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/1313/all-info |
| Text | https://www.congress.gov/112/bills/hr1313/BILLS-112hr1313ih.pdf |
