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HR 1680 103th Congress House Taxation Income tax Investment tax credit Minimum tax Minority business enterprises Small business Stocks Tax credits Venture capital

Minority Equity Capital Formation Act of 1993

Introduced: April 2, 1993 Introduced by: Mfume, Kweisi Democratic · Maryland See on congress.gov
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 5, 1993
Sponsor introductory remarks on measure. (CR E902-903)
Apr 2, 1993
Referred to the House Committee on Ways and Means.
Apr 2, 1993
Introduced in House
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 Plain-English summary Congressional Research Service

Minority Equity Capital Formation Act of 1993 - Amends the Internal Revenue Code to allow a minority venture capital fund credit of 20 percent of the aggregate bases of qualified minority fund interests, with limitations. Sets forth recapture provisions for such stock. Makes such credit a part of the general business credit and allows it to offset a portion of the tentative minimum tax.

What's happening now April 5, 1993

Sponsor introductory remarks on measure. (CR E902-903)

 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. 1680: Minority Equity Capital Formation Act of 1993. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-1680/
MLA
"H.R. 1680: Minority Equity Capital Formation Act of 1993." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-1680/.
Bluebook (legal)
H.R. 1680, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-1680/.
Markdown link
[H.R. 1680: Minority Equity Capital Formation Act of 1993](https://openamerica.io/bill/103-HR-1680/)
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