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S 368 103th Congress Senate

Enterprise Capital Formation Act of 1993

Official title: A bill to amend the Internal Revenue Code of 1986 to provide a capital gains tax differential for individual and corporate taxpayers who make high-risk, long-t… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to provide a capital gains tax differential for individual and corporate taxpayers who make high-risk, long-term, growth-oriented venture and seed capital investments in startup and other small enterprises.

Introduced: February 18, 1993 See on congress.gov
Taxation Business lossesCapital gains taxCorporation taxesIncome tax
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Minimum taxOptions (Contract)Small businessStocksTax deductionsTax exclusionTax ratesVenture capital
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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
Feb 16, 1993
Read twice and referred to the Committee on Finance.
Feb 16, 1993
Sponsor introductory remarks on measure. (CR S1604-1607, S1609-1611)
Feb 16, 1993
Introduced in Senate
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 Latest action February 16, 1993

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 902 Identical bill Enterprise Capital Formation Act of 1993
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Murray, Patty
Washington · Feb 18, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). S. 368: Enterprise Capital Formation Act of 1993. 103rd Congress. Open America. https://openamerica.io/bill/103-S-368/
MLA
"S. 368: Enterprise Capital Formation Act of 1993." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-S-368/.
Bluebook (legal)
S. 368, 103rd Cong. (2026), https://openamerica.io/bill/103-S-368/.
Markdown link
[S. 368: Enterprise Capital Formation Act of 1993](https://openamerica.io/bill/103-S-368/)
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