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- H.R.5643
H.R.5643: S Corporation Modernization Act of 2020
About This Bill
- Introduced Jan. 16, 2020
- Latest Major Action Jan. 16, 2020
- See the thirteen similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - Jan. 16, 2020
Bill Summary
S Corporation Modernization Act of 2020 This bill amends the Internal Revenue Code, with respect to the tax treatment of S corporations, to allow S corporations to increase passive investment income from 25% to 60% without incurring additional taxes; eliminate a provision terminating the S corporation status of corporations with excessive passive income in three consecutive years; allow any S corporation to have individual retirement...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Jan. 16, 2020 |
Referred to the House Committee on Ways and Means.
|
Jan. 16, 2020 |
Introduced in the House by Ron Kind (D-Wis.) |