Introduced:
Apr 9, 2025
Policy Area:
Taxation
Congress.gov:
Bill Statistics
2
Actions
1
Cosponsors
0
Summaries
1
Subjects
1
Text Versions
Yes
Full Text
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Latest Action
Apr 9, 2025
Read twice and referred to the Committee on Finance.
Actions (2)
Read twice and referred to the Committee on Finance.
Type: IntroReferral
| Source: Senate
Apr 9, 2025
Introduced in Senate
Type: IntroReferral
| Source: Library of Congress
| Code: 10000
Apr 9, 2025
Subjects (1)
Taxation
(Policy Area)
Cosponsors (1)
(R-KY)
Sep 9, 2025
Sep 9, 2025
Full Bill Text
Length: 1,344 characters
Version: Introduced in Senate
Version Date: Apr 9, 2025
Last Updated: Nov 15, 2025 2:14 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1371 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 1371
To amend the Internal Revenue Code of 1986 to increase the number of
eligible shareholders of an S corporation.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
April 9, 2025
Mr. Boozman introduced the following bill; which was read twice and
referred to the Committee on Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to increase the number of
eligible shareholders of an S corporation.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[S. 1371 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 1371
To amend the Internal Revenue Code of 1986 to increase the number of
eligible shareholders of an S corporation.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
April 9, 2025
Mr. Boozman introduced the following bill; which was read twice and
referred to the Committee on Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to increase the number of
eligible shareholders of an S corporation.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``S-Corporation Additional
Participation Act of 2025'' or the ``S-CAP Act of 2025''.
SEC. 2.
CORPORATION.
(a) In General.--
(a) In General.--
Section 1361
(b)
(1)
(A) of the Internal Revenue Code
of 1986 is amended by striking ``100'' and inserting ``250''.
(b)
(1)
(A) of the Internal Revenue Code
of 1986 is amended by striking ``100'' and inserting ``250''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2025.
<all>