House Bill 8985
116th Congress(2019-2020)
S Corp Access to Crowdfunding Act
Introduced
Introduced in House on Dec 16, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
8985
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
S-Corp Access to Crowdfunding Act
This bill excludes from the 100 shareholder limitation for S corporations individuals who acquired shares in such corporations through (1) small public offerings, or (2) one or more crowdfunding (i.e., contributions by large numbers of individuals mostly from online solicitations) offerings.
December 16, 2020
12/16/2020
Referred to the House Committee on Ways and Means.
12/16/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:43:58 PM