S Corporation Reform Act of 2006 (S. 3838)

Introduced by Senators Orrin Hatch (R-UT) and Blanche Lincoln (D-AR), the bS Corporation Reform Act ofB 2006b is a broad package of S corporation reforms that would make significant improvements to the rules that govern how S corporations are structured and operate. The bill includes a number of provisions to:

  • Help improve capital formation opportunities for small business ;
  • Preserve family-owned businesses; and
  • Eliminate unnecessary and unwarranted traps for taxpayers.

Click here to read S-Corpbs letter to Senator Hatch

Click here to read a summary of the bill

Click here to read the full text of the bill