Summary: H.R.4877 — 103rd Congress (1993-1994)All Information (Except Text)

There is one summary for H.R.4877. Bill summaries are authored by CRS.

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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.