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HR 1785 104th Congress House Taxation Business losses Capital gains tax Commerce Finance and Financial Sector Income tax Investments Law Limitation of actions Losses Partnerships Small business Stocks Tax exclusion

Entrepreneurial New and Small Business Capital Formation Act of 1995

Introduced: June 7, 1995 See on congress.gov
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 7, 1995
Referred to the House Committee on Ways and Means.
Jun 7, 1995
Introduced in House
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 Plain-English summary Congressional Research Service

Entrepreneurial New and Small Business Capital Formation Act of 1995 - Amends the Internal Revenue Code to recognize, if elected by the taxpayer, gain (other than ordinary income) on the sale of any eligible small business investment only to the extent the amount realized exceeds the cost of any other small business investment purchased by the taxpayer during the previous six months. Applies to the amendments made by this Act rules (from provisions relating to a 50 percent exclusion for gain from certain small business stock) relating to stock conversion, pass-through entities, transfers, and short positions. Mandates basis reductions for unrecognized gain. Treats a loss on an eligible small business investment, if the loss would otherwise be from the sale or exchange of a capital asset, as an ordinary loss.

What's happening now June 7, 1995

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 1053 Identical bill Entrepreneurial New and Small Business Capital Formation Act of 1995
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Schumer, Charles E.
New York · Jun 7, 1995
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1785: Entrepreneurial New and Small Business Capital Formation Act of 1995. 104th Congress. Open America. https://openamerica.io/bill/104-HR-1785/
MLA
"H.R. 1785: Entrepreneurial New and Small Business Capital Formation Act of 1995." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-1785/.
Bluebook (legal)
H.R. 1785, 104th Cong. (2026), https://openamerica.io/bill/104-HR-1785/.
Markdown link
[H.R. 1785: Entrepreneurial New and Small Business Capital Formation Act of 1995](https://openamerica.io/bill/104-HR-1785/)
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