US HR4453

Bill

S Corporation Permanent Tax Relief Act of 2014

Introduced
04/10/2014

In Committee
04/29/2014

Crossed Over
06/16/2014

Passed

Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

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.

Committee Categories

Budget and Finance

Sponsors (3)

David Reichert (R)*, Ron Kind (D), Tom Reed (R),

Last Action

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 433. (on 06/17/2014)

Official Document

https://www.congress.gov/bill/113th-congress/house-bill/4453/all-info

(5 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/113th-congress/house-bill/4453/all-info
BillText	http://gpo.gov/fdsys/pkg/BILLS-113hr4453pcs/pdf/BILLS-113hr4453pcs.pdf
Bill	http://gpo.gov/fdsys/pkg/BILLS-113hr4453pcs/pdf/BILLS-113hr4453pcs.pdf.pdf
BillText	http://gpo.gov/fdsys/pkg/BILLS-113hr4453eh/pdf/BILLS-113hr4453eh.pdf
Bill	http://gpo.gov/fdsys/pkg/BILLS-113hr4453eh/pdf/BILLS-113hr4453eh.pdf.pdf
BillText	http://gpo.gov/fdsys/pkg/BILLS-113hr4453rh/pdf/BILLS-113hr4453rh.pdf
Bill	http://gpo.gov/fdsys/pkg/BILLS-113hr4453rh/pdf/BILLS-113hr4453rh.pdf.pdf
BillText	http://gpo.gov/fdsys/pkg/BILLS-113hr4453ih/pdf/BILLS-113hr4453ih.pdf
Bill	http://gpo.gov/fdsys/pkg/BILLS-113hr4453ih/pdf/BILLS-113hr4453ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR4	Jobs for America Act	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 597.	Related
HRes616	Providing for consideration of the bill (H.B. 4800) making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2015, and for other purposes; providing for consideration of the bill (H.B. 4457) to amend the Internal Revenue Code of 1986 to permanently extend increased expensing limitations, and for other purposes; and providing for consideration of the bill (H.B. 4453) to amend the Internal Revenue	Motion to reconsider laid on the table Agreed to without objection.	Related
S1855	A bill to amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains for S corporations.	Read twice and referred to the Committee on Finance.	Related
S1859	Tax Extenders Act of 2013	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 287.	Related
S2260	EXPIRE Act of 2014	Motion to proceed to consideration of measure made in Senate. (consideration: CR S2763-2768)	Related

Bill > HR4453

US HR4453

summary

Introduced Session

Bill Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary