Tax Bill Introduced to Update S Corporation Regulations
WASHINGTON — U.S. Rep. Dave Reichert (R-Washington) and Rep. Ron Kind (D-Wisconsin) introduced the S Corporation Modernization Act (H.R. 2788) Tuesday afternoon. This proposed bipartisan legislation would give tax relief to the many S corporations among HARDI’s membership by allowing them to have better access to capital and to more easily compete and hire new workers.
“HARDI fully supports this bill,” said HARDI CEO Talbot Gee. “Representatives Reichert and Kind are among the growing members of Congress fighting to bring our country’s outdated tax code into the 21st century. We thank them for their efforts.”