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Read twice and referred to the Committee on Finance.
Introduced April 9, 2025 by John Boozman · Last progress April 9, 2025
Changes the Internal Revenue Code to raise the allowed number of shareholders who may qualify a corporation as an S corporation by replacing the current text of 26 U.S.C. 1361(b)(1)(A). The exact new shareholder limit is not included in the provided excerpt. The amendment applies to taxable years beginning after December 31, 2025 (tax years starting on or after January 1, 2026).
S-CAP Act of 2025