Bringing Opportunities to Our Small-Business Taxpayers (BOOST) Act of 2006 (S. 3857)

Introduced by Senators Gordon Smith (R-OR) and Blanche Lincoln (D-AR) to provide tax relief in a number of areas for small businesses, the BOOST Act also includes an “S Corporation Parity” title. The parity provisions are important S corporation reforms that make it easier for businesses to convert to S corporation status and provisions to increase access to capital and reduce ownership restrictions on S corporations.

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