H.R. 13714 — A bill to amend the Internal Revenue Code of 1954 with respect to the number of individuals who may be shareholders in subchapter S corporations.

Summary

Amends the Internal Revenue Code to increase from 15 to 25 the maximum number of individuals who may be shareholders in a corporation which has maintained Subchapter S corporate status for five consecutive taxable years.

Full Text

Legislative Actions

1978-08-02
Introduced in House
1978-08-02
Introduced in House
1978-08-02
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 with respect to the number of individuals who may be shareholders in subchapter S corporations.

Sponsors

Subjects

Summary

Full Text

Legislative Actions

Ask about this bill