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HR 2543 98th Congress House Commerce Accounting Business and commerce Capital gains tax Corporation taxes Corporations and Stocks Income tax Small business Stocks Tax credits Tax deductions Tax deferral Tax incentives Tax rates Taxation

Small Business Capital Formation Tax Act

Introduced: April 13, 1983 See on congress.gov
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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
Apr 13, 1983
Referred to House Committee on Ways and Means.
Apr 13, 1983
Introduced in House
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 Plain-English summary Congressional Research Service

Small Business Capital Formation Tax Act - Amends the Internal Revenue Code to lower the amount of corporate tax liability on taxable income up to $200,000. Increases from 60 percent to 80 percent the capital gain deduction for equity investments in small business concerns for investments held for five years or more.

Establishes a maximum corporate capital gain tax rate of 20 percent attributable to equity investments in small business concerns.

Allows a small business to use a cash receipts method of accounting if its average annual gross receipts do not exceed $1,500,000 for the three preceding taxable years.

Allows a nonrefundable ten percent tax income credit for investment in small business stock.

Permits a taxpayer to defer payment of tax on the sale of any capital gain property if the proceeds from such sale are reinvested within one year in small business stock, and the amount of such gain does not exceed the amount invested in small business stock.

What's happening now April 13, 1983

Referred to House Committee on Ways and Means.

 Related & companion bills 1
  • S 1043 Identical bill Small Business Capital Formation Tax Act
 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Smith, Christopher H.
New Jersey · Jun 15, 1983
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2543: Small Business Capital Formation Tax Act. 98th Congress. Open America. https://openamerica.io/bill/98-HR-2543/
MLA
"H.R. 2543: Small Business Capital Formation Tax Act." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-2543/.
Bluebook (legal)
H.R. 2543, 98th Cong. (2026), https://openamerica.io/bill/98-HR-2543/.
Markdown link
[H.R. 2543: Small Business Capital Formation Tax Act](https://openamerica.io/bill/98-HR-2543/)
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