US HB4139 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 5 2012 - 25% progression, died in committee
Action: 2012-03-05 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 5 2012 - 25% progression, died in committee
Action: 2012-03-05 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
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.
Title
To amend the Internal Revenue Code of 1986 to extend permanently the 100 percent exclusion of gain from the sale or exchange of qualified small business stock.
Sponsors
| Rep. Daniel Lungren [R-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-05 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
SB1965 (Related) 2012-03-06 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
HB4226 (Related) 2012-03-20 - Referred to the House Committee on Ways and Means.
HB4226 (Related) 2012-03-20 - Referred to the House Committee on Ways and Means.
Subjects
Capital gains tax
Financial services and investments
Income tax exclusion
Securities
Small business
Taxation
Financial services and investments
Income tax exclusion
Securities
Small business
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/4139/all-info |
| Text | https://www.congress.gov/112/bills/hr4139/BILLS-112hr4139ih.pdf |
