Enterprise Capital Formation Act of 1997

Summary

Enterprise Capital Formation Act of 1997 - Amends the Internal Revenue Code to increase from 50 to 75 percent the exclusion from gain for a taxpayer (currently, excludes corporations) resulting from the sale or exchange of qualified small business stock held more than three (currently, five) years. Exempts such exclusion from alternative minimum tax provisions. Doubles the aggregate gross assets a business may have and still be considered a qualified small business. Provides for the nontaxable rollover of gain from qualified small business stock to another small business stock.

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Documents

3 official files

• Introduced in House

  summary · EN · 9 January 1997

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• Introduced in House (text)

  Introduced in House · EN · 9 January 1994

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• Introduced in House (PDF)

  Introduced in House · EN · 9 January 1994

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