HR 13714 · 95th Congress · Commerce

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.

Introduced 1978-08-02· Sponsored by Rep. Martin, James G. [R-NC-9]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-08-02)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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