S 1243
118th Congress
Senate
Taxation
Small Business Investment Act of 2023
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 20, 2023
Read twice and referred to the Committee on Finance.
Apr 20, 2023
Introduced in Senate
Plain-English summary
Small Business Investment Act of 2023
This bill increases the exclusion of gain from the disposition of qualified small business stock held for five years or more. The increase also applies to convertible debt instruments (debt instruments that can be converted into stock).
The bill also eliminates the requirement that qualified small business stock be issued solely by a C corporation.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1