3.0.0 78 2022-02-03T06:10:10Z 2022-02-03T06:10:10Z Senate S S 2009-01-06 111 ssfi00 Finance Committee Senate Standing Referred to 2009-01-06T20:01:09Z 2009-01-06 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2009-01-06 Sponsor introductory remarks on measure. (CR S83-84) IntroReferral B00100 9 Library of Congress 2009-01-06 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2009-01-06 True M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2010-03-10 False Taxation Capital gains tax Income tax exclusion Securities Small business Taxation

00 2009-01-06 Introduced in Senate 2009-01-26T19:52:30Z Invest in Small Business Act of 2009 - Amends the Internal Revenue Code to: (1) increase the exclusion from gross income of gain from the sale or exchange of qualified small business stock from 50 to 100 % of such gain and to reduce the required holding period for such stock from five to four years; (2) deny a tax exclusion for small business stock held by a 25% controlled corporate group; (3) repeal as an item of tax preference under the alternative minimum tax the exclusion of gain from the sale of small business stock; (4) repeal the 28% income tax rate on the gain from the sale of small business stock which is not excluded from gross income; (5) revise the definition of "qualified small business" for certain tax purposes to mean a C corporation with aggregate gross assets not exceeding $100 million (currently, $50 million); and (6) provide for an annual inflation adjustment to the small business aggregate gross asset amount after 2009.

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Short Titles as Introduced Display Title Official Title as Introduced Introduced in Senate 2009-01-06T05:00:00Z 2009-01-06 Read twice and referred to the Committee on Finance. 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.