H.R. 4226 · 112th Congress

To amend the Internal Revenue Code of 1986 to make permanent the full exclusion applicable to qualified small business stock.

Stage
In committee
Sponsor
Gwen Moore
Introduced
2012-03-20
Latest action
2012-03-20 · Introduced in House

Summary

Amends the Internal Revenue Code to: (1) allow a permanent 100% exclusion from gross income of gain from the sale or exchange of qualified small business stock held for more than 5 years, (2) eliminate such tax exclusion as an item of tax preference for alternative minimum tax (AMT) purposes, and (3) repeal the 28% capital gains tax rate on qualified small business stock.