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HR 1194 102th Congress House Taxation Capital gains tax Corporation taxes Income tax Investors Minimum tax Research and development Small business Stocks Tax deductions Tax rates Venture capital

Venture Capital Incentive Act of 1991

Introduced: February 28, 1991 Introduced by: Markey, Edward J. Democratic · Massachusetts See on congress.gov
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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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 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.

What's happening now February 28, 1991

Referred to the House Committee on Ways and Means.

 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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