II 112th CONGRESS 1st Session S. 208 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.

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.