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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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 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
 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)

 Committees of jurisdiction 1