0
0
0
S Corporation Permanent Tax Relief Act of 2014
3/14/2024, 12:48 PM
Congressional Summary of HR 4453
S Corporation Permanent Tax Relief Act of 2014 - Amends the Internal Revenue Code, with respect to the taxation of S corporations, to make permanent: (1) the reduction of the period (10 to 5 years) during which the built-in gains of such corporations are subject to tax, and (2) the rule requiring an adjustment to the basis of an shareholder's stock in an S corporation that makes tax deductible contributions of appreciated property.
Prohibits the entry of the budgetary effects of this Act on any PAYGO (Pay As You Go) scorecard.
Read the Full Bill
Current Status of Bill HR 4453
Bill HR 4453 is currently in the status of Bill Introduced since April 10, 2014. Bill HR 4453 was introduced during Congress 113 and was introduced to the House on April 10, 2014. Bill HR 4453's most recent activity was Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 433. as of June 17, 2014
Bipartisan Support of Bill HR 4453
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
1Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4453
Primary Policy Focus
TaxationPotential Impact Areas
- Accounting and auditing
- Business investment and capital
- Capital gains tax
- Securities
- Small business
- Tax administration and collection, taxpayers
Alternate Title(s) of Bill HR 4453
S Corporation Permanent Tax Relief Act of 2014
To amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains of S corporations.
Permanent S Corporation Built-in Gains Recognition Period Act of 2014
S Corporation Permanent Tax Relief Act of 2014
Comments
Sponsors and Cosponsors of HR 4453
Latest Bills
Improving the Lives of the American People Act
Bill HR 9358July 14, 2026
FEC Administrative Improvements Act
Bill HR 8738July 14, 2026
A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
Bill SRES 801July 14, 2026
Specialized Infant Formula Protection Act
Bill S 4940July 14, 2026
Delivering Priority Legislation Act
Bill HR 9586July 14, 2026
A resolution commending the courage, bravery, and resolve of the fathers, mothers, sons, and daughters of Cuba, whom 5 years ago, stood in the face of brutal harassment, beatings, and torture to protest against the Communist Cuban regime, demanding access to their fundamental rights to life, dignity, and freedom.
Bill SRES 800July 14, 2026
A bill to amend the Act of May 17, 1954, to revise the boundary of Gateway Arch National Park.
Bill S 4955July 14, 2026
Supporting Our Direct Care Workforce and Family Caregivers Act
Bill S 4889July 14, 2026
Unmanned System Command and Control Integration Assessment Act of 2026
Bill S 4930July 14, 2026
PROTECT Act
Bill S 4902July 14, 2026
Tax Reform Act of 2014
Bill HR 1March 14, 2024