3.0.0 4139 2023-01-11T13:23:00Z 2023-01-11T13:23:00Z House H HR 2012-03-05 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DANIEL E. LUNGREN of California:H.R. 4139.Congress has the power to enact this legislation pursuantto the following:The amendment to the Internal Revenue Code to extendpermanently the 100 percent exclusion of gain from the saleor exchange of qualified small business stock is authorizedby Article 1 Section 8 to Lay and collect taxes.[Page H1153]]]> hswm00 Ways and Means Committee House Standing Referred to 2012-03-05T17:04:25Z 112 1965 S 2012-03-06 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-482. Related bill CRS 112 4226 HR 2012-03-20 Referred to the House Committee on Ways and Means. Related bill CRS 2012-03-05 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2012-03-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-03-05 Introduced in House IntroReferral 1000 9 Library of Congress L000517 Rep. Lungren, Daniel E. [R-CA-3] DANIEL LUNGREN R CA EDWARD 3 N Taxation Capital gains tax Financial services and investments Income tax exclusion Securities Small business Taxation

00 2012-03-05 Introduced in House 2012-04-10T20:04:59Z 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.

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Display Title Official Title as Introduced Introduced in House IH Introduced in House 2012-03-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr4139ih/xml/BILLS-112hr4139ih.xml 2012-03-05 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.