There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (08/01/1994)

S Corporation Investment Act of 1994 - Amends the Internal Revenue Code to increase from 35 to 40 the maximum number of shareholders of an S Corporation (small business corporation). Allows members of a family to be treated as one shareholder.

Increases the percentage of permissible passive income.

Allows a deduction for payments made to a reinvestment reserve with limitations.