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United States · Bill · HR

H.R. 1313 (112th)

Community Bank and Automotive Industry Recapitalization Act of 2011

referredUnited States· United States Congress· EN

Introduced

1 April 2011

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

Community Bank and Automotive Industry Recapitalization Act of 2011 - Amends the Internal Revenue Code to exclude from gross income gain from the sale of qualified investment property acquired within 18 months after the enactment of this Act and held for more than five years. Defines "qualified investment property" as original issue stock in a community bank with less than $10 billion in assets or an automotive company.

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Documents

3 official files

Introduced in House (text)

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