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United States · Bill · S

S. 368 (103rd)

Enterprise Capital Formation Act of 1993

referredUnited States· United States Congress· EN

Introduced

16 February 1993

Last action

16 February 1993 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Bumpers, Dale [D-AR], Sen. Brown, Hank [R-CO], Sen. Kerry, John F. [D-MA], Sen. Lieberman, Joseph I. [ID-CT], Sen. Mack, Connie, III [R-FL], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Wofford, Harris [D-PA], Sen. Coats, Daniel [R-IN], Sen. Boren, David L. [D-OK], Sen. Daschle, Thomas A. [D-SD], Sen. Craig, Larry E. [R-ID], Sen. Dodd, Christopher J. [D-CT], Sen. D'Amato, Alfonse [R-NY], Sen. Pryor, David H. [D-AR], Sen. DeConcini, Dennis [D-AZ], Sen. Johnston, J. Bennett [D-LA], Sen. Feinstein, Dianne [D-CA], Sen. Kohl, Herb [D-WI], Sen. Kerrey, J. Robert [D-NE], Sen. Murray, Patty [D-WA], Sen. Jeffords, James M. [I-VT], Sen. Inouye, Daniel K. [D-HI], Sen. Reid, Harry [D-NV], Sen. Conrad, Kent [D-ND], Sen. Burns, Conrad R. [R-MT], Sen. Bryan, Richard H. [D-NV], Sen. Hollings, Ernest F. [D-SC], Sen. Mikulski, Barbara A. [D-MD], Sen. Stevens, Ted [R-AK], Sen. Pell, Claiborne [D-RI], Sen. Sasser, Jim [D-TN], Sen. Cochran, Thad [R-MS], Sen. Bennett, Robert F. [R-UT], Sen. Kempthorne, Dirk [R-ID], Sen. Biden, Joseph R., Jr. [D-DE], Sen. Bingaman, Jeff [D-NM], Sen. Glenn, John H., Jr. [D-OH], Sen. Boxer, Barbara [D-CA], Sen. Breaux, John B. [D-LA]

Subjects

Taxation

Source updated

26 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Enterprise Capital Formation Act of 1993 - Amends the Internal Revenue Code to exclude from gross income: (1) 50 percent of the gain from the sale or exchange of qualified small business stock, other than seed capital stock, held for more than five years; plus (2) an applicable percentage (from 50 to 100 percent) from the sale or exchange of such stock which is seed capital stock held for at least five years. Establishes special rules for such investments. Provides for determining the maximum capital gains rate for small business net capital gain or seed capital gain. Treats capital gains on the sale of such stock as a preference item for purposes of the minimum tax.

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

Timeline

  1. 16 February 1993

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 16 February 1993

    Introduced

    Sponsor introductory remarks on measure. (CR S1604-1607, S1609-1611)

    Source: IntroReferral

  3. 16 February 1993

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 16 February 1993

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 16 February 1993

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 16 February 1993

    Open at official source

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Sponsors

Related records

Sources

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