Small and High-Risk Business Investment Act of 1989

Summary

Small and High-Risk Business Investment Act of 1989 - Amends the Internal Revenue Code to establish alternative tax rates for capital gains on small and high-risk business stock held by noncorporate taxpayers. Requires such stock to be held for a minimum of five years. Establishes an alternative tax for any corporation that has a small business stock net capital gain. Treats the rate differential portion of capital gains on the sale of certain small and high-risk business stock as an item of tax preference under the alternative minimum tax.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 4 August 1989

  Open at official source

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