To amend the Internal Revenue Code of 1986 to modify certain rules relating to subchapter S corporations.
S Corporation Investment Act of 1994 - Amends the Internal Revenue Code to increase from 35 to 40 the maximum number of shareholders of an S Corporation (small business corporation). Allows members of a family to be treated as one shareholder.
Increases the percentage of permissible passive income.
Allows a deduction for payments made to a reinvestment reserve with limitations.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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