US HB4236 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on December 8 2009 - 25% progression, died in committee
Action: 2009-12-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 8 2009 - 25% progression, died in committee
Action: 2009-12-08 - 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) increase from 50 to 100% the exclusion from gross income allowed for gain from the sale or exchange of qualified small business stock that is acquired during 2010; and (2) exempt gain from such stock in calculating the alternative minimum tax.
Title
To amend the Internal Revenue Code of 1986 to provide a temporary exclusion of 100 percent of the gain on the sale or exchange of certain small business stock.
Sponsors
| Rep. Steve Kagen [D-WI] | Rep. Sander Levin [D-MI] | Rep. Thomas Perriello [D-VA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-12-08 | 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/111th-congress/house-bill/4236/all-info |
| Text | https://www.congress.gov/111/bills/hr4236/BILLS-111hr4236ih.pdf |
