HR 1313 · 112th Congress · Taxation

Community Bank and Automotive Industry Recapitalization Act of 2011

Introduced 2011-04-01· Sponsored by Rep. Polis, Jared [D-CO-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2011-04-01)

Plain Language Summary

[AI summary unavailable — showing source text] Community Bank and Automotive Industry Recapitalization Act of 2011 - 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 (1)

1 Republican
Rep. Coffman, Mike [R-CO-6]CO