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Subchapter S Bank Association

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June 26, 2015

ICBA Advocates Bill Helping S-Corps Raise Capital

ICBA expressed support for legislation introduced by Rep. Kenny Marchant (R-Texas) that would help Subchapter S banks raise capital. The Capital Access for Small Business Banks Act (H.R. 2789) includes provisions to raise the S-corp shareholder limit from 100 to 500, allow S-corp banks to issue preferred stock without a cap, and allow preferred stock dividends to be deductible by S-corp banks and ordinary income for holders to preserve sound tax treatment. ICBA is a strong supporter of legislation to promote tax relief and equitable treatment for Subchapter S banks.

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Subchapter S Bank Association

112 East Pecan St., Suite 2810
San Antonio, TX 78205
Phone: 210-228-9500
Fax: 210-228-0781

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