HR 4367
117th Congress
House
Taxation
BOOST Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 6, 2021
Referred to the House Committee on Ways and Means.
Jul 6, 2021
Introduced in House
Plain-English summary
Better Opportunity and Outcomes for Socially Disadvantaged Talent Act of 2021 or the BOOST Act of 2021
This bill allows an exclusion from gross income, for income tax purposes, of 50% of any gain from the sale or exchange of a certified equity interest held for more than 3 years for corporations and partnerships in which a socially disadvantaged individual who is a U.S. citizen has an ownership interest.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1