Invest in Small Business Act of 2008

Summary

Invest in Small Business Act of 2008 - Amends the Internal Revenue Code to: (1) increase the exclusion from gross income of the gain from the sale or exchange of qualified small business stock from 50 to 100% of such gain and reduce the holding period for such stock from five to three years; (2) disqualify stock held by members of a 25% controlled group of corporations for such tax exclusion; (3) repeal gain from the sale or exchange of qualified small business stock as an item of tax preference for purposes of the alternative minimum tax; (4) repeal the maximum 28% tax rate on gain from the sale or exchange of qualified small business stock; and (5) increase to $100 million (adjusted for inflation after 2009) the aggregate asset limitation for determining eligibility of the stock of corporations for qualified small business stock tax treatment.

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Timeline

1. 16 July 2008

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 16 July 2008

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 July 2008

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 July 2008 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 July 2008

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 July 2008

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 July 2008

  Open at official source

Sponsors

• Rep. Childers, Travis [D-MS-1] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← Invest in Small Business Act of 2007