3.0.0 6507 2018-11-08T23:34:18Z 2018-11-08T23:34:18Z House H HR 2008-07-16 110 hswm00 Ways and Means Committee House Standing Referred to 2008-07-16T14:00:05Z 110 1214 S 2007-04-25 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5100-5101) Related bill CRS 2008-07-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2008-07-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-07-16 Introduced in House IntroReferral 1000 9 Library of Congress C001074 Rep. Childers, Travis [D-MS-1] Travis Childers D MS 1 N Taxation Capital gains tax Commerce Corporation taxes Economics and Public Finance Finance and Financial Sector Income tax Indexing (Economic policy) Minimum tax Small business Stocks Tax exclusion Tax preferences Tax rates Taxation

00 2008-07-16 Introduced in House 2008-08-23T14:21:05Z Invest in Small Business Act of 2008 - Amends the Internal Revenue Code to: (1) increase the exclusion from gross income of the gain from the sale or exchange of qualified small business stock from 50 to 100% of such gain and reduce the holding period for such stock from five to three years; (2) disqualify stock held by members of a 25% controlled group of corporations for such tax exclusion; (3) repeal gain from the sale or exchange of qualified small business stock as an item of tax preference for purposes of the alternative minimum tax; (4) repeal the maximum 28% tax rate on gain from the sale or exchange of qualified small business stock; and (5) increase to $100 million (adjusted for inflation after 2009) the aggregate asset limitation for determining eligibility of the stock of corporations for qualified small business stock tax treatment.

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Short Titles as Introduced Display Title Official Title as Introduced Introduced in House 2008-07-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6507ih/xml/BILLS-110hr6507ih.xml 2008-07-16 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.