United States · Bill · S
S. 2168 (96th)
Subchapter S Capital Formation Act of 1979
Introduced
20 December 1979
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
No timeline events have been ingested for this record yet.
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
1 official file
Introduced in Senate
summary · EN · 20 December 1979
Sponsors
No sponsors or actors listed by the source.
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/96th-congress/senate-bill/2168
- Open data entity: https://api.congress.gov/v3/bill/96/s/2168