HR 4877 · 103th Congress · Taxation

S Corporation Investment Act of 1994

Introduced 1994-08-01· Sponsored by Rep. McHale, Paul [D-PA-15]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1994-08-01)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (1)

1 Democrat
Rep. Johnson, Tim [D-SD-At Large]SD