Amends the Internal Revenue Code to repeal the requirement that the income of small business corporations which elect a Subchapter S tax exemption may not consist of more than 20 percent passive income (rents, royalties etc.)
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line