S.1142: Entrepreneurs Risk Incentive Act of 2001

About This Bill

  • This bill was introduced in the 107th Congress
  • This bill is primarily about taxation
  • Introduced June 29, 2001
  • Latest Major Action Aug. 2, 2001

Bill Summary

Entrepreneurs Risk Incentive Act of 2001 - Amends the Internal Revenue Code, with respect to adjustments in computing alternative minimum taxable income, to repeal the denial of an exclusion from an individual's income of the transfer of stock acquired pursuant to the exercise of an incentive stock option, which thus subjects the stock transfer to the alternative minimum tax (AMT). (This repeal exempts such a transfer from the AMT.)

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
Sponsor introductory remarks on measure.
June 29, 2001

Introduced in the Senate by Joseph I. Lieberman (I-Conn.)

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