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- S.2346
S.2346: 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 July 23, 1998
- Latest Major Action July 23, 1998
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
11 (All 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 |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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July 23, 1998 |
Introduced in the Senate by Wayne A. Allard (R-Colo.) |