To amend the Internal Revenue Code of 1986 to make an exception to the 100 shareholder S corporation limitation in the case of shareholders whose shares were acquired through certain crowd-funding or small public offerings.

Summary

This bill amends the Internal Revenue Code, with respect to the taxation of S corporations, to exclude from the 100 shareholder limitation for such corporations individuals who acquired shares in an S corporation through: (1) a small issues public offering, or (2) one or more crowdfunding offerings.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 March 2016

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• Introduced in House (PDF)

  Introduced in House · EN · 22 March 2016

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• Introduced in House

  summary · EN · 22 March 2016

  Open at official source

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