Small Business Capital Gains Enhancement Act of 1997

Summary

Small Business Capital Gains Enhancement Act of 1997 - Amends the Internal Revenue Code to increase from 50 percent to 75 percent the exclusion from gain for a taxpayer, including a corporation, resulting from the sale or exchange of qualified small business stock held for more than five years. States that stock held among members of a parent-subsidiary controlled group shall not be eligible for such treatment. Exempts such exclusion from alternative minimum tax provisions. Increases: (1) the qualified small business asset limit from $50 million to $100 million; and (2) the per-issuer limit from $10 million to $20 million. Increases the working capital asset holding period from two years to five years. Provides for the nontaxable rollover of gain from qualified small business stock to another small business stock.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 15 May 1997

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 15 May 1997

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• Introduced in Senate

  summary · EN · 15 May 1997

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