US Congress Senate Bill 2271 (Prior Session Legislation)

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Sponsorship: Slight Partisan Bill (Republican 2-1)
Status: Introduced on March 29 2012 - 25% progression, died in committee
Action: 2012-03-29 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2252-2253)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Small Business Election Simplification Act - Amends the Internal Revenue Code, with respect to the subchapter S election for corporate taxpayers, to: (1) extend the deadline for filing such election to the due date (with extensions) of the corporation's tax return, (2) authorize the Secretary of the Treasury to treat a late filing or revocation of an election as timely filed or revoked if there is reasonable cause for failing to make a timely filing or revocation, and (3) allow taxpayers to make a subchapter S election on their current tax return in lieu of filing a separate form for making such election.

Small Business Election Simplification Act

Sen. Al Franken [D-MN]

Sen. Michael Enzi [R-WY]

Sen. Olympia Snowe [R-ME]

Date	Chamber	Action
2012-03-29	Senate	Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2252-2253)
2012-03-29	Senate	Sponsor introductory remarks on measure. (CR S2251-2252)

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/2271/all-info
Text	https://www.congress.gov/112/bills/s2271/BILLS-112s2271is.pdf