Venture Capital Gains and Growth Act of 2001

Fact Sheet API

Bill Number

S 1134

Introduced

Jun 28, 2001

Latest Action

Sponsor introductory remarks on measure. (CR 8/3/2001 S8741)

Sponsor

Cosponsors

Topics

Business income tax Capital gains tax Commerce Corporation taxes Cost of living adjustments Economics and Public Finance Finance and Financial Sector Income tax Indexing (Economic policy) Minimum tax Personal income tax Small business Stocks Tax exclusion Taxation Venture capital

Full Text

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Votes

Summary

Venture Capital Gains and Growth Act of 2001 - Amends the Internal Revenue Code to provide for a 100 percent (currently 50 percent) exclusion from gross income (a zero capital gains rate) for new long-term (three-year) investments in the stock of a small corporation (with $300 million or less in paid-in capital) acquired directly from the corporation. Repeals the minimum tax preference for such excluded capital gains.

Actions

Aug 2, 2001

Sponsor introductory remarks on measure. (CR 8/3/2001 S8741)
Jun 28, 2001

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7106-7107)
Jun 28, 2001

Sponsor introductory remarks on measure. (CR S7105-7106, S7107)
Jun 28, 2001

Introduced in Senate

Amendments

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