Subchapter S Capital Formation Act of 1979

[AI summary unavailable — showing source text] Subchapter S Capital Formation Act of 1979 - Amends the Internal Revenue Code: (1) to increase from 15 to 100 the maximum permissible number of shareholders of a Subchapter S corporation; and (2) to allow additional classes of stock in such corporations so long as the issuance of such stock will not have any effect upon the allocation of income among the shareholders of the corporation.…