A bill to amend the Internal Revenue Code of 1954 to increase the corporate surtax exemption, to provide for the deferral of gain from the sale or exchange of certain stock.
Venture Capital Tax Act - Amends the Internal Revenue Code to defer realized gain, and to cumulate holding periods, on exchanges of stock in certain new, independent corporations. Provides that all stock options granted by such corporations shall be considered qualified stock options. Increases the limitations on ordinary losses on small business stock.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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