Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- H.R.1680
H.R.1680: Minority Equity Capital Formation Act of 1993
About This Bill
- Introduced April 2, 1993
- Latest Major Action April 5, 1993
Bill Sponsor
Bill Cosponsors
3 (2 Democrats, 1 Republican)
Bill Summary
Minority Equity Capital Formation Act of 1993 - Amends the Internal Revenue Code to allow a minority venture capital fund credit of 20 percent of the aggregate bases of qualified minority fund interests, with limitations. Sets forth recapture provisions for such stock. Makes such credit a part of the general business credit and allows it to offset a portion of the tentative minimum tax.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
|
Sponsor introductory remarks on measure.
|
|
| April 2, 1993 |
Introduced in the House by Kweisi Mfume (D-Md.) |