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HR 420 105th Congress House Taxation Business income tax Capital gains tax Commerce Corporation taxes Finance and Financial Sector Income tax Minimum tax Personal income tax Small business Stocks Tax exclusion

Enterprise Capital Formation Act of 1997

Introduced: January 9, 1997 See on congress.gov
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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
Jan 9, 1997
Referred to the House Committee on Ways and Means.
Jan 9, 1997
Introduced in House
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 Plain-English summary Congressional Research Service

Enterprise Capital Formation Act of 1997 - Amends the Internal Revenue Code to increase from 50 to 75 percent the exclusion from gain for a taxpayer (currently, excludes corporations) resulting from the sale or exchange of qualified small business stock held more than three (currently, five) years. Exempts such exclusion from alternative minimum tax provisions. Doubles the aggregate gross assets a business may have and still be considered a qualified small business.

Provides for the nontaxable rollover of gain from qualified small business stock to another small business stock.

What's happening now January 9, 1997

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Lofgren, Zoe
California · Mar 13, 1997
 D
Neal, Richard E.
Massachusetts · Mar 13, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 420: Enterprise Capital Formation Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-420/
MLA
"H.R. 420: Enterprise Capital Formation Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-420/.
Bluebook (legal)
H.R. 420, 105th Cong. (2026), https://openamerica.io/bill/105-HR-420/.
Markdown link
[H.R. 420: Enterprise Capital Formation Act of 1997](https://openamerica.io/bill/105-HR-420/)
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