3.0.0 4453 2023-01-11T13:26:18Z 2023-01-11T13:26:18Z House H HR 2014-04-10 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. REICHERT:H.R. 4453.Congress has the power to enact this legislation pursuantto the following:Pursuant to Clause 1 of Section 8 of Article I of theUnited States Constitution and Amendment XVI of the UnitedStates Constitution[Page H3197]]]> hswm00 Ways and Means Committee House Standing Reported by 2014-05-02T16:39:35Z Markup by 2014-04-29T13:24:06Z Referred to 2014-04-10T13:01:10Z H. Rept. 113-429 Tax Reform Act of 2014 113 1 HR 2014-12-12 Sponsor introductory remarks on measure. (CR E1800-1801) Related bill CRS Jobs for America Act 113 4 HR 2014-11-13 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 597. Related bill CRS A bill to amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains for S corporations. 113 1855 S 2013-12-18 Read twice and referred to the Committee on Finance. Related bill CRS Tax Extenders Act of 2013 113 1859 S 2013-12-20 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 287. Related bill CRS EXPIRE Act of 2014 113 2260 S 2014-05-07 Motion to proceed to consideration of measure made in Senate. (consideration: CR S2763-2768) Related bill CRS Providing for consideration of the bill (H.R. 4800) making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies programs for the fiscal year ending September 30, 2015, and for other purposes; providing for consideration of the bill (H.R. 4457) to amend the Internal Revenue Code of 1986 to permanently extend increased expensing limitations, and for other purposes; and providing for consideration of the bill (H.R. 4453) to amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains of S corporations. 113 616 HRES 2014-06-11 On agreeing to the resolution Agreed to by recorded vote: 227 - 189 (Roll no. 299). (consideration: CR H5259) 13:49:37 Procedurally-related House 2014-06-17 Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 433. Calendars 2014-06-16 Senate Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Calendars 2014-06-12 12:10:32 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2014-06-12 12:10:31 On passage Passed by the Yeas and Nays: 263 - 155 (Roll no. 311). (text: CR H5324) Floor H37100 2 House floor actions 311 https://clerk.house.gov/evs/2014/roll311.xml House 113 2014-06-12T16:10:31Z 2 2014-06-12 12:10:31 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 263 - 155 (Roll no. 311).(text: CR H5324) Floor 8000 9 Library of Congress 311 https://clerk.house.gov/evs/2014/roll311.xml House 113 2014-06-12T16:10:31Z 2 2014-06-12 12:04:33 On motion to recommit with instructions Failed by the Yeas and Nays: 188 - 229 (Roll no. 310). Floor H36110 2 House floor actions hswm00 Ways and Means Committee 310 https://clerk.house.gov/evs/2014/roll310.xml House 113 2014-06-12T16:04:33Z 2 2014-06-12 11:58:52 Considered as unfinished business. (consideration: CR H5340-5341) Floor H30000 2 House floor actions 2014-06-12 10:16:46 POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on the motion to recommit with instructions, and by voice vote, announced that the nays had prevailed. Mr. Neal demanded the yeas and nays, and pursuant to the order of the House of June 12, 2014, the Chair postponed further proceedings until a time to be announced. Floor H8D000 2 House floor actions 2014-06-12 10:16:39 The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H5339) Floor H8A000 2 House floor actions 2014-06-12 10:09:47 DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions pending reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to extend the built-in gains of S Corporations recognition period and the charitable contribution adjusted basis for two additional years. The point of order was subsequently withdrawn. Floor H8D000 2 House floor actions 2014-06-12 10:08:45 Mr. Neal moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H5329-5330, H5340-5341) Floor H36100 2 House floor actions hswm00 Ways and Means Committee 2014-06-12 10:08:36 The previous question was ordered pursuant to the rule. (consideration: CR H5329) Floor H35000 2 House floor actions 2014-06-12 09:18:37 DEBATE - The House proceeded with one hour of debate on H.R. 4453. Floor H8D000 2 House floor actions 2014-06-12 09:17:38 Considered under the provisions of rule H. Res. 616. (consideration: CR H5324-5330) Floor H30000 2 House floor actions 2014-06-11 13:49:37 Rule H. Res. 616 passed House. Floor H1L220 2 House floor actions 2014-06-10 19:33:36 Rules Committee Resolution H. Res. 616 Reported to House. Rule provides for one hour of general debate on the bills. H.R. 4800 shall be considred for amendment under a modified open rule. H.R. 4457 and H.R. 4453 shall be considred for amendment under a closed rule. Floor H1L210 2 House floor actions 2014-05-02 Placed on the Union Calendar, Calendar No. 317. Calendars H12410 2 House floor actions U00317 2014-05-02 Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-429. Committee H12200 2 House floor actions hswm00 Ways and Means Committee 2014-05-02 Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-429. Committee 5000 9 Library of Congress hswm00 Ways and Means Committee 2014-04-29 hswm00 Ways and Means Committee 1 House committee actions Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 21 - 13. Committee 2014-04-29 hswm00 Ways and Means Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2014-04-10 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-04-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-04-10 Introduced in House IntroReferral 1000 9 Library of Congress R000578 Rep. Reichert, David G. [R-WA-8] David Reichert R WA G. 8 N K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2014-04-10 True R000585 Rep. Reed, Tom [R-NY-23] Tom Reed R NY 23 2014-04-29 False Taxation Accounting and auditing Business investment and capital Capital gains tax Securities Small business Tax administration and collection, taxpayers Taxation 00 2014-04-10 Introduced in House 2014-05-01T18:29:04Z Amends the Internal Revenue Code 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.

]]> 17 2014-05-02 Reported to House with amendment(s) 2014-06-04T20:29:18Z Permanent S Corporation Built-in Gains Recognition Period Act of 2014 - Amends the Internal Revenue Code 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.

]]> 36 2014-06-12 Passed House amended 2014-07-11T13:50:54Z S Corporation Permanent Tax Relief Act of 2014 - Amends the Internal Revenue Code, with respect to the taxation of S corporations, to make permanent: (1) the reduction of the period (10 to 5 years) during which the built-in gains of such corporations are subject to tax, and (2) the rule requiring an adjustment to the basis of an shareholder's stock in an S corporation that makes tax deductible contributions of appreciated property. 

Prohibits the entry of the budgetary effects of this Act on any PAYGO (Pay As You Go) scorecard.

]]> S Corporation Permanent Tax Relief Act of 2014 Display Title S Corporation Permanent Tax Relief Act of 2014 Official Title as Introduced To amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains of S corporations. Introduced in House IH Short Titles as Reported to House Permanent S Corporation Built-in Gains Recognition Period Act of 2014 H House Short Titles as Passed House S Corporation Permanent Tax Relief Act of 2014 H House 865 113 HAMDT 2022-02-03T05:49:56Z Rules Committee 2014-06-12T04:00:00Z House of Representatives 113 HR House H 4453 S Corporation Permanent Tax Relief Act of 2014 2023-01-11T13:26:18Z 2 2014-06-12 House amendment offered Floor 71000 9 Library of Congress Placed on Calendar Senate 2014-06-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4453pcs/xml/BILLS-113hr4453pcs.xml Engrossed in House 2014-06-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4453eh/xml/BILLS-113hr4453eh.xml Reported in House 2014-05-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4453rh/xml/BILLS-113hr4453rh.xml Introduced in House 2014-04-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4453ih/xml/BILLS-113hr4453ih.xml 2014-06-17 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 433. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.