HR 3741
102th Congress
House
Taxation
Capital gains tax
Capital investments
Corporation taxes
Income tax
Indexing (Economic policy)
Losses
Minimum tax
Small business
Stocks
Tax deductions
Tax rates
Venture capital
Enterprise Capital Formation Act of 1991
Introduced: November 7, 1991
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 7, 1991
Referred to the House Committee on Ways and Means.
Nov 7, 1991
Introduced in House
Plain-English summary
Enterprise Capital Formation Act of 1991 - Amends the Internal Revenue Code to allow a deduction for gain on investments in new small business stock (seed capital) held for at least five years. Establishes special rules for such investments. Provides for determining the maximum capital gains rate for small business net capital gain or seed capital gain. Treats capital gains on the sale of such stock as a preference item for purposes of the minimum tax.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1