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S. 2604

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to reduce the recognition period for built-ins gains for subchapter S corporations.
About This Bill
Committee
Latest Action · June 24, 2004
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR 6/25/2004 S7483)
Congress
108th (2003–2005)
Introduced
June 24, 2004
Cosponsors (1)
1D 0R
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Summary

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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.

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