HR 2239 · 109th Congress · Taxation

To amend the Internal Revenue Code of 1986 to reduce the recognition period for built-in gains for subchapter S corporations.

Introduced 2005-05-10· 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.(2005-05-10)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to reduce from ten to seven years the period during which certain built-in gains of subchapter S corporations are subject to tax.…

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

Cosponsors (20)

1 Democrat19 Republicans
Rep. Herger, Wally [R-CA-2]CA
Rep. Johnson, Sam [R-TX-3]TX
Rep. English, Phil [R-PA-3]PA
Rep. Foley, Mark [R-FL-16]FL
Rep. Cantor, Eric [R-VA-7]VA
Rep. Shaw, E. Clay, Jr. [R-FL-22]FL
Rep. Neugebauer, Randy [R-TX-19]TX
Rep. Johnson, Nancy L. [R-CT-5]CT
Rep. Lewis, Ron [R-KY-2]KY
Rep. Hayworth, J. D. [R-AZ-5]AZ
Rep. Saxton, Jim [R-NJ-3]NJ
Rep. Shuster, Bill [R-PA-9]PA
Rep. Conaway, K. Michael [R-TX-11]TX
Rep. Kennedy, Mark R. [R-MN-6]MN
Rep. Kuhl, John R. "Randy", Jr. [R-NY-29]NY
Rep. Miller, Jeff [R-FL-1]FL
Rep. Cardin, Benjamin L. [D-MD-3]MD
Rep. Weller, Jerry [R-IL-11]IL
Rep. Hart, Melissa A. [R-PA-4]PA
Rep. Goodlatte, Bob [R-VA-6]VA