HR 2707 105th Congress House Taxation Business income tax Business losses Capital gains tax Commerce Corporate reorganizations Finance and Financial Sector Income tax Mutual funds Partnerships Preferred stocks Profit Small business Stockholders Stocks Tax exclusion

Entrepreneurial Equity Capital Formation Act

Introduced: October 23, 1997 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Oct 23, 1997

Referred to the House Committee on Ways and Means.

Oct 23, 1997

Introduced in House

Plain-English summary Congressional Research Service

TABLE OF CONTENTS:

Title I: Tax-Free Conversions of Specialized Small Business

Investment Companies Into Pass-Thru Entities

Title II: Additional Incentives Related to Investing in

Specialized Small Business Investment Companies

Entrepreneurial Equity Capital Formation Act - Title I: Tax-Free Conversions of Specialized Small Business Investment Companies Into Pass-Thru Entities - Amends the Internal Revenue Code to set forth special rules for determining whether a specialized small business investment company is a regulated investment company, to define such a company, to waive the distribution requirement for such a company, and to disregard certain earnings and profits of such a company.

Permits the tax-free reorganization of a specialized small investment company as a partnership if the reorganization is carried out within a specified time period following enactment and other specified conditions are met.

Title II: Additional Incentives Related to Investing in Specialized Small Business Investment Companies - Sets forth additional tax incentives for investing in specialized small business investment companies.

What's happening now October 23, 1997

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1