S. 1371

119th CONGRESS 1st Session

To amend the Internal Revenue Code of 1986 to increase the number of eligible shareholders of an S corporation.

IN THE SENATE OF THE UNITED STATES · April 9, 2025 · Sponsor: Mr. Boozman · Committee: Committee on Finance

Table of contents

• S. 1371
  • SEC. 1. Short title
  • SEC. 2. Increase in number of shareholders to qualify as an S corporation

SEC. 1. Short title

• This Act may be cited as the or the .

SEC. 2. Increase in number of shareholders to qualify as an S corporation

• (a) In general
  • of the Internal Revenue Code of 1986 is amended by striking and inserting . Section 1361(b)(1)(A)
  • In general
• (b) Effective date
  • The amendment made by this section shall apply to taxable years beginning after December 31, 2025.