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- S.635
S.635: Minority and Women Capital Formation Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced April 23, 1997
- Latest Major Action April 23, 1997
Bill Sponsor
Bill Summary
Minority and Women Capital Formation Act of 1997 - Amends the Internal Revenue Code to establish a limited deduction of an amount equal to the sum of the aggregate bases of qualified minority fund interests and qualified women's fund interests which are acquired by a taxpayer during the taxable year at original issuance and are held at the close of such taxable year. Establishes a limited deduction of an amount equal to the sum of the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| April 23, 1997 |
Introduced in the Senate by Arlen Specter (D-Pa.) |