House to consider making permanent 3 expired tax breaks in June

06/7/2014 | Hill, The

The House of Representatives will consider three bills making certain expired tax provisions permanent when Congress reconvenes in June, according to a memo sent Friday by House Majority Leader Eric Cantor, R-Va. One bill would make permanent the deductions for investments in new equipment and property by small businesses. Another would make permanent a rule that allows businesses set up as S-corporations to shrink the window they have to hold built-in gains from 10 years to five. The third bill would make permanent tax adjustment rules for S-corps' charitable donations.

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