Summary: H.R.629 — 114th Congress (2015-2016)All Information (Except Text)

Bill summaries are authored by CRS.

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Reported to House with amendment(s) (02/09/2015)

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.