H.R. 3874 would amend the Internal Revenue Code of 1986 to reduce the recognition period for built-in gains for subchapter S corporations.

== Detailed Summary ==

<summary>
(Log in to edit the wikiSmall Business Growth and beOpportunity Act - Amends the firstInternal Revenue Code to provide a detailed summary ofreduce from 10 to seven years the bill!)period during which certain built-in gains of subchapter S corporations are subject to tax.
</summary>

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== Status of the Legislation ==

<status>
(Log inLatest Major Action: 10/17/2007: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
</status>

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== Points in Favor ==

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== Points Against ==

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