To amend the Internal Revenue Code of 1986 to encourage investments in startup companies by providing special treatment for losses on such investments.

Summary

Amends the Internal Revenue Code to provide for ordinary-loss treatment for losses on investments in a qualified startup company. Describes such company as one which: (1) manufactures tangible personal property in the United States; (2) does not involve a business acquired from another person; and (3) has not been in existence for more than one taxable year at the time it issued stock.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 June 1991

  Open at official source

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