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HR 1194 102th Congress House

Venture Capital Incentive Act of 1991

Official title: To amend the Internal Revenue Code of 1986 to restore a capital gains tax differential for individuals and corporations on small business stock held more than 4 years.

Introduced: February 28, 1991 Introduced by: Markey, Edward J. Democratic · Massachusetts See on congress.gov
Taxation Capital gains taxCorporation taxesIncome taxInvestors
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Minimum taxResearch and developmentSmall businessStocksTax deductionsTax ratesVenture capital
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 1991
Referred to the House Committee on Ways and Means.
Feb 28, 1991
Introduced in House
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 Latest action February 28, 1991

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Venture Capital Incentive Act of 1991 - Amends the Internal Revenue Code to permit both corporate and noncorporate taxpayers an income tax deduction of 40 percent of the net capital gain from an investment in the stock a qualified small business which devotes at least 18 percent of its total annual expenditures to research and development. Allows the taxpayer is the initial acquirer of the particular stock and holds the stock for at least four years.

Adds the amount of the deduction for capital gain from such investments as a tax preference item for purposes of determining alternative minimum tax liability.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 1194: Venture Capital Incentive Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-1194/
MLA
"H.R. 1194: Venture Capital Incentive Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-1194/.
Bluebook (legal)
H.R. 1194, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-1194/.
Markdown link
[H.R. 1194: Venture Capital Incentive Act of 1991](https://openamerica.io/bill/102-HR-1194/)
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