SEC. 232. INCREASE IN NUMBER OF ELIGIBLE SHAREHOLDERS TO 100.(a) In General.—Section 1361(b)(1)(A) (defining small business corporation) is amended by striking “75” and inserting “100”.(b) Effective Date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2004.
Pub. L. 108-357, tit. II, subtit. D, sec. 232: INCREASE IN NUMBER OF ELIGIBLE SHAREHOLDERS TO 100. | Justis AI