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Searching...- Bills
- H.R.1896
H.R.1896: Subchapter S Modernization Act of 2003
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced April 30, 2003
- Latest Major Action April 30, 2003
- See the thirteen similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
7 (4 Democrats, 4 Republicans)
Bill Summary
Subchapter S Modernization Act of 2003 - Amends the Internal Revenue Code to revise provisions concerning S corporations to, among other things: (1) allow certain members of a family to be treated as one shareholder of an S corporation; (2) prohibit treating qualified preferred stock as a second class of stock and treating a person as a shareholder by reason of holding such stock; (3) permit financial institutions to hold convertible (safe...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| April 30, 2003 |
Introduced in the House by E. Clay Shaw (R-Fla.) |