Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
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114-hr-3287114th Congress
Community Bank Flexibility Act
Sponsored By: Representative Marchant, Kenny [R-TX-24]
Unknown
Summary
Community Bank Flexibility Act This bill amends the Internal Revenue Code, with respect to the tax treatment of small banks, to: (1) allow such banks to reorganize as either corporations or partnerships for tax purposes, (2) permit such banks to reorganize without incurring an additional tax for liquidation, and (3) impose a five-year recognition period of the built-in gains of such banks.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Marchant, Kenny [R-TX-24]
TX • R
Cosponsors
Rep. Black, Diane [R-TN-6]
TN • R
Sponsored 7/29/2015
LAMAR SMITH
TX • R
Sponsored 9/8/2015
Rep. Holding, George [R-NC-2]
NC • R
Sponsored 10/22/2015
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov