United States 114th Congress Status: Died 1 R cosponsors

HR 629 — Permanent S Corporation Built-in Gain Recognition Period Act of 2015

Last action — Placed on the Union Calendar, Calendar No. 9.

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  1. ✓
    Introduced
  2. Died in session

This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Permanent S Corporation Built-in Gain Recognition Period Act of 2015 (Sec. 2) Amends the Internal Revenue Code to reduce from 10 years 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.

Bill Text

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Read HR 629 on the official United States source →

Action History

  1. Placed on the Union Calendar, Calendar No. 9.

  2. Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-15.

  3. Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.

  4. Referred to the House Committee on Ways and Means.

  5. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
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Frequently asked questions

What does HR 629 do?
Permanent S Corporation Built-in Gain Recognition Period Act of 2015 (Sec. 2) Amends the Internal Revenue Code to reduce from 10 years 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.
Who sponsors HR 629?
HR 629 is sponsored by David Reichert (R).
What is the current status of HR 629?
This bill died with 114th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 629?
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Last checked for changes about 14 hours ago · updated continuously

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