About: Permanent S Corporation Built-in Gains Recognition Period Act of 2014

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The Permanent S Corporation Built-in Gains Recognition Period Act of 2014 (H.R. 4453) is a bill that would amend the Internal Revenue Code of 1986 to reduce from 10 to 5 years the period during which the built-in gains of an S corporation are subject to tax and to make such reduction permanent. An S corporation is a closely held corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code so that the corporation does not pay federal taxes, instead passing on all income, losses, and credits to the shareholders who pay the taxes.

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  • The Permanent S Corporation Built-in Gains Recognition Period Act of 2014 (H.R. 4453) is a bill that would amend the Internal Revenue Code of 1986 to reduce from 10 to 5 years the period during which the built-in gains of an S corporation are subject to tax and to make such reduction permanent. An S corporation is a closely held corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code so that the corporation does not pay federal taxes, instead passing on all income, losses, and credits to the shareholders who pay the taxes. The bill was introduced into the United States House of Representatives during the 113th United States Congress. (en)
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  • To amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains of S corporations. (en)
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  • Permanent S Corporation Built-in Gains Recognition Period Act of 2014 (en)
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  • The Permanent S Corporation Built-in Gains Recognition Period Act of 2014 (H.R. 4453) is a bill that would amend the Internal Revenue Code of 1986 to reduce from 10 to 5 years the period during which the built-in gains of an S corporation are subject to tax and to make such reduction permanent. An S corporation is a closely held corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code so that the corporation does not pay federal taxes, instead passing on all income, losses, and credits to the shareholders who pay the taxes. (en)
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  • Permanent S Corporation Built-in Gains Recognition Period Act of 2014 (en)
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