United StatesSenate Bill 1371S 1371

S-CAP Act of 2025

Taxation

2 pages

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Last progress April 9, 2025 (8 months ago)

Introduced on April 9, 2025 by John Boozman

Sponsors (2)

House Votes

Vote Data Not Available

Senate Votes

Pending Committee

April 9, 2025 (8 months ago)

Read twice and referred to the Committee on Finance.

This legislation would raise the limit on how many people can own shares in an S corporation under federal tax law. It does not list the new number, only that the cap would be increased. The change would start for tax years beginning after December 31, 2025.

Key points:

Who is affected: Companies that elect S corporation status and their shareholders.
What changes: The maximum number of allowed shareholders would be higher (the exact new limit isn’t specified in the text provided).
When: Applies to taxable years beginning after December 31, 2025.

S-CAP Act of 2025

Sponsors (2)

House Votes

Senate Votes

Presidential Signature

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