Bill · S. 1371· Senate(119-S-1371)
S-CAP Act of 2025
Age: 76 years
Arkansas
- Introduced
- 4/9/2025
- Last activity
- 4/9/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- John Boozman
- Cosponsors
- - 1 - 0
Taxation
- Introduced
- In Committee
What this bill would do
This bill, known as the "S-Corporation Additional Participation Act of 2025," aims to change the Internal Revenue Code of 1986. Specifically, it seeks to increase the number of eligible shareholders allowed for an S corporation. Currently, the limit is set at 100 shareholders. This legislation would raise that specific number to 250. The change would take effect for taxable years starting after December 31, 2025.
Who it would affect, and how
Potential Positive Impacts for People
- Increased shareholder capacity: By striking "100" and inserting "250" in Section 1361(b)(1)(A), the bill allows S corporations to have a larger number of eligible shareholders. This could be considered positive as it increases the number of people who can participate as shareholders in these types of corporations.
Potential Negative Impacts for People
- No negative impacts are explicitly stated: The provided text does not contain any information regarding potential negative consequences or burdens resulting from this amendment.
- 9/9/2025
- 1 Cosponsor added.
- 4/9/2025
- Read twice and referred to the Committee on Finance.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Mitch McConnellRepublican · Kentucky