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S. 3223

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to permanently extend the reduction in the recognition period for built-in gains for S corporations.
About This Bill
Committee
Latest Action · May 23, 2012
Read twice and referred to the Committee on Finance.
Congress
112th (2011–2013)
Introduced
May 23, 2012
Sponsor
Sen. Ben CardinD
Cosponsors (3)
0D 3R
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Summary

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Amends the Internal Revenue Code to provide for a permanent reduction from 10 to 5 years in the recognition period for built-in gains of S corporations.

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