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US SB1371

Bill

Official Source

Status

Introduced

4/9/2025

Primary Sponsor

John Boozman

Click for details

Origin

Senate

119th Congress

AI Summary

  • Increases the maximum number of eligible shareholders for S corporation status from 100 to 250 shareholders
  • Amends Section 1361(b)(1)(A) of the Internal Revenue Code of 1986
  • Applies to taxable years beginning after December 31, 2025
  • Introduced by Senator Boozman on April 9, 2025, and referred to the Committee on Finance

Legislative Description

S-CAP Act of 2025 S-Corporation Additional Participation Act of 2025

Taxation

Last Action

Read twice and referred to the Committee on Finance.

4/9/2025

Committee Referrals

Finance4/9/2025

Full Bill Text

No bill text available