| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | II | |
| 2 | 2 | 119THCONGRESS | |
| 3 | 3 | 1 | |
| 4 | 4 | STSESSION S. 1371 | |
| 5 | 5 | To amend the Internal Revenue Code of 1986 to increase the number of | |
| 6 | 6 | eligible shareholders of an S corporation. | |
| 7 | 7 | IN THE SENATE OF THE UNITED STATES | |
| 8 | 8 | APRIL9, 2025 | |
| 9 | 9 | Mr. B | |
| 10 | 10 | OOZMANintroduced the following bill; which was read twice and referred | |
| 11 | 11 | to the Committee on Finance | |
| 12 | 12 | A BILL | |
| 13 | 13 | To amend the Internal Revenue Code of 1986 to increase | |
| 14 | 14 | the number of eligible shareholders of an S corporation. | |
| 15 | 15 | Be it enacted by the Senate and House of Representa-1 | |
| 16 | 16 | tives of the United States of America in Congress assembled, 2 | |
| 17 | 17 | SECTION 1. SHORT TITLE. 3 | |
| 18 | 18 | This Act may be cited as the ‘‘S-Corporation Addi-4 | |
| 19 | 19 | tional Participation Act of 2025’’ or the ‘‘S-CAP Act of 5 | |
| 20 | 20 | 2025’’. 6 | |
| 21 | 21 | VerDate Sep 11 2014 01:03 Apr 18, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1371.IS S1371 | |
| 22 | 22 | ssavage on LAPJG3WLY3PROD with BILLS 2 | |
| 23 | 23 | •S 1371 IS | |
| 24 | 24 | SEC. 2. INCREASE IN NUMBER OF SHAREHOLDERS TO 1 | |
| 25 | 25 | QUALIFY AS AN S CORPORATION. 2 | |
| 26 | 26 | (a) I | |
| 27 | 27 | NGENERAL.—Section 1361(b)(1)(A) of the In-3 | |
| 28 | 28 | ternal Revenue Code of 1986 is amended by striking 4 | |
| 29 | 29 | ‘‘100’’ and inserting ‘‘250’’. 5 | |
| 30 | 30 | (b) E | |
| 31 | 31 | FFECTIVEDATE.—The amendment made by 6 | |
| 32 | 32 | this section shall apply to taxable years beginning after 7 | |
| 33 | 33 | December 31, 2025. 8 | |
| 34 | 34 | Æ | |
| 35 | 35 | VerDate Sep 11 2014 01:03 Apr 18, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S1371.IS S1371 | |
| 36 | 36 | ssavage on LAPJG3WLY3PROD with BILLS |