• Subchapter S -- Major Obstacles Removed
  • October 21, 2004
  • Law Firm: Nixon Peabody LLP - New York Office
  • The American Jobs Creation Act of 2004 providing significant corporate tax relief was passed by the Senate on October 11, 2004, and awaits the president's signature. For community banks, perhaps the most important provision is the dramatic change in Subchapter S eligibility requirements.