[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 208 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                 S. 208

 To amend the Internal Revenue Code of 1986 to extend the 100 percent 
          exclusion for gain on certain small business stock.


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                   IN THE SENATE OF THE UNITED STATES

                            January 26, 2011

 Mr. Kerry (for himself and Ms. Snowe) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to extend the 100 percent 
          exclusion for gain on certain small business stock.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENSION OF TEMPORARY EXCLUSION OF 100 PERCENT OF GAIN ON 
              CERTAIN SMALL BUSINESS STOCK.

    (a) In General.--Paragraph (4) of section 1202(a) of the Internal 
Revenue Code of 1986, as amended by the Tax Relief, Unemployment 
Insurance Reauthorization, and Job Creation Act of 2010, is amended--
            (1) by striking ``January 1, 2012'' and inserting ``January 
        1, 2013'', and
            (2) by striking ``and 2011'' and inserting ``2011, and 
        2012'' in the heading thereof.
    (b) Effective Date.--The amendments made by this section shall 
apply to stock acquired after December 31, 2010.
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