0
0
0
Permanent S Corporation Built-in Gain Recognition Period Act of 2015
1/11/2023, 1:28 PM
Congressional Summary of HR 629
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.
Read the Full Bill
Current Status of Bill HR 629
Bill HR 629 is currently in the status of Bill Introduced since January 30, 2015. Bill HR 629 was introduced during Congress 114 and was introduced to the House on January 30, 2015. Bill HR 629's most recent activity was Placed on the Union Calendar, Calendar No. 9. as of February 9, 2015
Bipartisan Support of Bill HR 629
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
3Democrat Cosponsors
1Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 629
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 629
Permanent S Corporation Built-in Gain Recognition Period Act of 2015
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 Gain Recognition Period Act of 2015
Comments
Sponsors and Cosponsors of HR 629
Latest Bills
To amend the FISA Amendments Act of 2008 to extend the authorities of title VII of the Foreign Intelligence Surveillance Act of 1978 through April 30, 2026, and for other purposes.
Bill HR 8322April 19, 2026
Space Exploration Research Act
Bill S 2351April 18, 2026
RED Tape Act
Bill HR 6398April 18, 2026
FENCES Act
Bill HR 6409April 18, 2026
A bill to extend section 702 of the Foreign Intelligence Surveillance Act of 1978 for 3 years.
Bill S 4344April 18, 2026
A bill to amend title 5, United States Code, to provide that a Member of Congress convicted of certain felony offenses relating to sexual abuse shall not be eligible for retirement benefits based on that individual's Member service, and for other purposes.
Bill S 4343April 18, 2026
SAFER Transport Act
Bill HR 8267April 18, 2026
National Wildlife Refuge System Invasive Species Strike Team Act of 2025
Bill HR 4219April 18, 2026
To amend the Marine Mammal Protection Act of 1972 to allow importation of polar bear trophies taken in sport hunts in Canada before the date the polar bear was determined to be a threatened species under the Endangered Species Act of 1973.
Bill HR 6251April 18, 2026
Western South Dakota Water Supply Project Feasibility Study Act
Bill HR 7288April 18, 2026
A bill to amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains for S corporations.
Bill S 1905January 11, 2023
S Corporation Modernization Act of 2015
Bill HR 2788January 11, 2023
Consolidated Appropriations Act, 2016
Bill HR 2029April 5, 2023