Summary: H.R.2339 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.2339. Bill summaries are authored by CRS.

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Introduced in House (05/03/2017)

Capital Access for Small Business Banks Act

This bill amends the Internal Revenue Code to allow a bank or a depository institution holding company which is an S corporation to: (1) have 500 shareholders (the current limit is 100 shareholders), and (2) issue qualified preferred bank stock. The bill makes a distribution of qualified preferred bank stock to a shareholder includible in the gross income of the shareholder and allows the bank or holding company to deduct the amount of such distribution.