S-CAP Act of 2025

Bill: 119-hr-2777
Sponsor: full_name: Rep. Hill, J. French [R-AR-2]
Introduced: 2025-04-09
Policy area: Taxation
Latest action: action_date: 2025-04-09
text: Referred to the House Committee on Ways and Means.

Summaries:

tv_txt: I 119th CONGRESS 1st Session H. R. 2777 IN THE HOUSE OF REPRESENTATIVES April 9, 2025 Mr. Hill of Arkansas (for himself and Mr. Carey ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to increase the number of eligible shareholders of an S corporation.

1. Short title This Act may be cited as the S-Corporation Additional Participation Act of 2025 or the S-CAP Act of 2025 . 2. Increase in number of shareholders to qualify as an S corporation (a) In general Section 1361(b)(1)(A) of the Internal Revenue Code of 1986 is amended by striking 100 and inserting 250 . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2025.