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- H.R.5691
H.R.5691: To amend the Internal Revenue Code of 1986 to provide a credit for investment in new or expanding small businesses.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced July 1, 2010
- Latest Major Action July 1, 2010
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to allow individual taxpayers a tax credit for 20% of their qualified small business investments. Defines "qualified small business investment" as any stock in a domestic corporation acquired at its original issue or any capital or profits interest in a domestic partnership if: (1) such stock or interest was acquired solely in exchange for cash; and either (2) such corporation or partnership has been in...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| July 1, 2010 |
Introduced in the House by Peter Hoekstra (R-Mich.) |