HR 4877 · 111th Congress · Taxation
Community Bank and Automotive Industry Recapitalization Act of 2010
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Financial Services(2010-03-18)
Plain Language Summary
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Community Bank and Automotive Industry Recapitalization Act of 2010 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of qualified investment property acquired within 18 months after the enactment of this Act and held for more than five years. Defines "qualified investment property" as original issue stock in a community bank with less than $10 billion in assets or an automotive company.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (6)
5 Democrats1 Republican