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United States · Bill · HR

H.R. 4877 (111th)

Community Bank and Automotive Industry Recapitalization Act of 2010

referredUnited States· United States Congress· EN

Introduced

18 March 2010

Last action

18 March 2010 · Introduced

Status

Referred to House Financial Services

Sponsors

Rep. Polis, Jared [D-CO-2], Rep. Coffman, Mike [R-CO-6], Rep. Schauer, Mark H. [D-MI-7], Rep. Kosmas, Suzanne M. [D-FL-24], Rep. Richardson, Laura [D-CA-37], Rep. Pascrell, Bill, Jr. [D-NJ-9], Sen. Peters, Gary C. [D-MI]

Subjects

Taxation

Source updated

6 December 2025

Taxation

Summary

Community Bank and Automotive Industry Recapitalization Act of 2010 - 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 18 March 2010

    Introduced

    Referred to House Ways and Means

    Source: IntroReferral

  2. 18 March 2010

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  3. 18 March 2010

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 18 March 2010

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 18 March 2010

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 18 March 2010

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 18 March 2010

    Open at official source

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Sponsors

Related records

Sources

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