US SB3223 | 2011-2012 | 112th Congress
Status
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on May 23 2012 - 25% progression, died in committee
Action: 2012-05-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 23 2012 - 25% progression, died in committee
Action: 2012-05-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
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.
Title
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.
Sponsors
Sen. Benjamin Cardin [D-MD] | Sen. Pat Roberts [R-KS] | Sen. Olympia Snowe [R-ME] | Sen. David Vitter [R-LA] |
History
Date | Chamber | Action |
---|---|---|
2012-05-23 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/senate-bill/3223/all-info |
Text | https://www.congress.gov/112/bills/s3223/BILLS-112s3223is.pdf |