HR 3124 · 107th Congress · Taxation

Built-In Gain Economic Growth Act of 2001

Introduced 2001-10-12· Sponsored by Rep. Ramstad, Jim [R-MN-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2001-10-12)

Plain Language Summary

[AI summary unavailable — showing source text] Built-In Gain Economic Growth Act of 2001 - 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. Crane, Philip M. [R-IL-8]IL