3.0.0 4367 2022-12-31T05:07:42Z 2022-12-31T05:07:42Z House HR 2021-07-06 117 [Congressional Record Volume 167, Number 118 (Tuesday, July 6, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MFUME:H.R. 4367.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution,which gives Congress the power to make all Laws which shallbe necessary and proper for carrying into Execution theforegoing Powers and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H3611]]]> hswm00 Ways and Means Committee House Standing Referred to 2021-07-06T16:31:10Z 2021-07-06 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2021-07-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-07-06 Introduced in House IntroReferral 1000 9 Library of Congress M000687 Rep. Mfume, Kweisi [D-MD-7] KWEISI MFUME D MD 7 N C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2021-07-06 True E000296 Rep. Evans, Dwight [D-PA-3] Dwight Evans D PA 3 2021-07-06 True T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2021-07-06 True D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2021-07-06 True C000537 Rep. Clyburn, James E. [D-SC-6] JAMES CLYBURN D SC E. 6 2021-07-06 True N000192 Rep. Newman, Marie [D-IL-3] Marie Newman D IL 3 2021-09-17 False Taxation Taxation 00 2021-07-06 Introduced in House 2021-09-02T17:39:04Z Better Opportunity and Outcomes for Socially Disadvantaged Talent Act of 2021 or the BOOST Act of 2021

This bill allows an exclusion from gross income, for income tax purposes, of 50% of any gain from the sale or exchange of a certified equity interest held for more than 3 years for corporations and partnerships in which a socially disadvantaged individual who is a U.S. citizen has an ownership interest.

]]> BOOST Act of 2021 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a partial exclusion from gain for interests in a socially disadvantaged business, and for other purposes. Introduced in House IH Display Title BOOST Act of 2021 Short Title(s) as Introduced BOOST Act of 2021 Introduced in House IH Short Title(s) as Introduced Better Opportunity and Outcomes for Socially Disadvantaged Talent Act of 2021 Introduced in House IH Introduced in House 2021-07-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4367ih/xml/BILLS-117hr4367ih.xml 2021-07-06 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.