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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Timeline

1. 15 May 1997

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 15 May 1997

   Introduced

   Sponsor introductory remarks on measure. (CR S4588-4589)

   Source: IntroReferral

3. 15 May 1997

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 15 May 1997 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 15 May 1997

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 15 May 1997

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 15 May 1997

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Bumpers, Dale [D-AR] · D · Sponsor
• Sen. Landrieu, Mary L. [D-LA] · D · Sponsor
• Sen. Cleland, Max [D-GA] · D · Sponsor
• Sen. Kerry, John F. [D-MA] · D · Sponsor
• Sen. Daschle, Thomas A. [D-SD] · D · Sponsor
• · ssfi00 · Standing

Related records

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