Summary: H.R.1498 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.1498. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/27/2003)

Small Business Opportunity and Growth Act of 2003 - Amends the Internal Revenue Code to provide that the tax imposed on the recognition of built-in gain by an S corporation shall not apply to the extent such gain is reinvested in the business.