HR 1292 · 96th Congress · Commerce

A bill to amend the Internal Revenue Code of 1954 to permit certain simple trusts to be shareholders in subchapter S corporations.

Introduced 1979-01-23· Sponsored by Rep. Brodhead, William [D-MI-17]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-01-23)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit beneficiaries of certain simple trusts to qualify as shareholders in a Subchapter S corporation.…

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