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- H.R.4139
H.R.4139: To amend the Internal Revenue Code of 1986 to extend permanently the 100 percent exclusion of gain from the sale or exchange of qualified small business stock.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced March 5, 2012
- Latest Major Action March 5, 2012
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to: (1) allow a permanent 100% exclusion from gross income of gain from the sale or exchange of qualified small business stock held for more than 5 years, (2) eliminate such tax exclusion as an item of tax preference for alternative minimum tax (AMT) purposes, and (3) repeal the 28% capital gains tax rate on qualified small business stock.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| March 5, 2012 |
Introduced in the House by Dan Lungren (R-Calif.) |