To amend the Internal Revenue Code of 1986 to provide a capital gain exclusion for investments in qualified businesses with employee stock ownership programs within Federal enterprise zones.

Summary

Amends the Internal Revenue Code to exclude from gross income 100 percent of qualified capital gain recognized on the sale or exchange of a qualified zone asset held for more than five years. Describes such assets as enterprise zone stock, business property, and partnership interests.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 April 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 29 April 1993

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 29 April 1993

  Open at official source

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