HR 2532 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to permit certain trusts to be shareholders in subchapter S corporations.

Introduced 1991-06-04· Sponsored by Rep. Stallings, Richard H. [D-ID-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1991-06-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code with respect to the tax treatment of S corporations (small business corporations) and their shareholders to make certain rules regarding qualified subchapter S trusts inapplicable where the income beneficiary is a family member or spouse of a family member.…

Summarized by Claude AI · Non-partisan · For informational purposes only