HR 902
103th Congress
House
Taxation
Business losses
Capital gains tax
Corporation taxes
Income tax
Minimum tax
Options (Contract)
Small business
Stocks
Tax deductions
Tax exclusion
Tax rates
Venture capital
Enterprise Capital Formation Act of 1993
Introduced: February 16, 1993
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 10, 1993
See H.R.2264.
Feb 16, 1993
Referred to the House Committee on Ways and Means.
Feb 16, 1993
Sponsor introductory remarks on measure. (CR E328-329)
Feb 16, 1993
Introduced in House
Plain-English summary
Enterprise Capital Formation Act of 1993 - Amends the Internal Revenue Code to exclude from gross income: (1) 50 percent of the gain from the sale or exchange of qualified small business stock, other than seed capital stock, held for more than five years; plus (2) an applicable percentage (from 50 to 100 percent) from the sale or exchange of such stock which is seed capital stock 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
See H.R.2264.
Committees of jurisdiction
1