,,ib  ,union ,cal5d> ,no4 #i  #aad?     
,,congress  #a/ ,session  ,h4 ,r4 #fbi  
,report ,no4 #aad-ae  ,,9 ,,! ,,h\se ,,(
 ,,repres5tatives  ,janu>y #cj1 #bjae   
,mr4 ,rei*]t 7= himself & ,mr4 ,k9d7    
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means         
,febru>y #i1 #bjae ,additional sponsors3
 ,mr4 ,re$ & ,mr4 ,co/ello (            
,p5nsylvania  ,febru>y #i1 #bjae        
,report$ ) an am5dm5t1 committ$ to !    
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union1 & ord]$ to be pr9t$ ,/rike out
 all aft] ! enact+ clause & ins]t ! "p  
pr9t$ 9 italic ,= text ( introduc$ bill1
 see copy ( bill z introduc$ on ,janu>y 
#cj1 #bjae  ,a ,,bill  ,to am5d !       
,int]nal ,rev5ue ,code ( #aihf to make  
p]man5t ! r$uc$ recognition p]iod =     
built-9 ga9s ( ,s corporations4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,p]man5t ,s ,corporation ,built-9 ,ga9  
,recognition ,p]iod ,act ( #bjae4  #b4  
,r$uc$ recognition p]iod = built-9 ga9s 
( ,s corporations made p]man5t  7a7 ,9  

g5]al ,p>agraph 7#g7 ( section #acgd7;d7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ to read z foll[s3  7#g7           
,recognition p]iod  7,a7 ,9 g5]al ,! t]m
 recognition p]iod means ! #e-ye> p]iod 
beg9n+ ) ! #a/ day ( ! #a/ taxable ye> =
 :i* ! corporation 0 an ,s corporation4 
,= purposes ( apply+ ?is section to any 
am\nt includible 9 income by reason (   
di/ributions to %>ehold]s pursuant to   
section #eic7;e71 ! prec$+ s5t5ce %all  
be appli$ )\t reg>d to ! phrase #e-ye>4 
7,b7 ,in/allm5t sales ,if an ,s         
corporation sells an asset & reports !  
income f ! sale us+ ! in/allm5t me?od "u
 section #dec1 ! treatm5t ( all paym5ts 
receiv$ %all be gov]n$ by ! provisions (
 ?is p>agraph applicable to ! taxable   
ye> 9 :i* su* sale 0 made4  4  7b7      
,effective date ,! am5dm5t made by ?is  
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjad4        
,febru>y #i1 #bjae ,report$ ) an        
am5dm5t1 committ$ to ! ,committee ( !   
,:ole ,h\se on ! ,/ate ( ! ,union1 &    

ord]$ to be pr9t$