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H.R. 4453: S Corporation Permanent Tax Relief Act of 2014

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H.R. 4453: S Corporation Permanent Tax Relief Act of 2014

113th Congress · introduced 2014-04-10 · Taxation · Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 433.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2014-04-10 · official record
  2. Who proposed it: Rep. Reichert, David G. [R-WA-8] · what a sponsor is
  3. What happened next: 2 recorded votes in our records. Latest: House roll call 310 (2014): On Motion to Recommit with Instructions, HR4453 (2014-06-12), Failed. See all
  4. Where it stands now: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 433. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

S Corporation Permanent Tax Relief Act of 2014

Plain summary

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.

Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

S Corporation Permanent Tax Relief Act of 2014

Source: Congressional Research Service summary (Passed House amended)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Reichert, David G. [R-WA-8] · 2 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Recorded votes

Words on this page, explained (1)
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong113-hr4453 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113