Small Business Growth and Worker Assistance Act of 2001

Summary

Small Business Growth and Worker Assistance Act of 2001 - Amends the Internal Revenue Code to: (1) increase (from 50 to 75 percent) the partial exclusion for gain from certain small business stock and reduce ( from five to three years) the required holding period for such stock, provide for doubling the cap on eligible gain from small business stock dispositions for a joint return, and make other modifications affecting small business taxes; (2) put retail restaurant facilities in the 15 year ACRS depreciation recovery period; and (3) increase the amount of depreciable business assets that may be expensed. Provides for a program of temporary emergency unemployment compensation. Amends the Workforce Investment Act of 1998 to authorize a specified amount of appropriations for FY 2002 and such sums as may be necessary for FY 2003 for: (1) youth activities; (2) adult employment and training activities; and (3) dislocated worker employment and training activities.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 October 2001

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 October 2001

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• Introduced in Senate

  summary · EN · 4 October 2001

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