In CommitteeFiled Jul 22, 2026
Sponsor: Rep. Carey, Mike [R-OH-15] (R)
Latest Action
Referred to the House Committee on Ways and Means.
Jul 22, 2026
Summary
The bill would change the Internal Revenue Code to update how S corporations are taxed. It would affect owners and shareholders of S corporations by potentially altering their tax obligations. The aim is to modernize the existing rules and address any shortcomings.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
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