To amend the Internal Revenue Code of 1986 to impose a tax on income and gains from providing leveraged buyout and other financing to certain businesses.

Summary

Amends the Internal Revenue Code to impose a tax on the income earned by a small business investment company from a disqualified investment in any small business concern whose amount of cash and aggregate adjusted tax bases of other property immediately after the investment (and taking into account the investment proceeds) exceeds $10,000,000. Disqualifies any other investment not permitted under the Small Business Investment Company Act of 1958. Describes the financial arrangements which determine a disqualified investment.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 March 1990

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.