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- H.R.4553
H.R.4553: Small Business and Financial Institutions Tax Relief Act of 1998
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Sept. 11, 1998
- Latest Major Action Sept. 11, 1998
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (2 Democrats, 8 Republicans)
Bill Summary
Small Business and Financial Institutions Tax Relief Act of 1998 - Amends the Internal Revenue Code to permit S corporation eligible shareholders to include individual retirement accounts. (Sec. 3) Excludes investment securities income held by a bank from passive income limits for purposes of S status termination. (Sec. 4) Increases the number of eligible S corporation shareholders. (Sec. 5) States that stock held by a bank director as...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Referred to the House Committee on Ways and Means.
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Sept. 11, 1998 |
Introduced in the House by Marge Roukema (R-N.J.) |