[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3129 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 3129

 To amend the Internal Revenue Code of 1986 to make permanent the full 
        exclusion applicable to qualified small business stock.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 18, 2013

  Ms. Moore introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to make permanent the full 
        exclusion applicable to qualified small business stock.

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

SECTION 1. PERMANENT FULL EXCLUSION APPLICABLE TO QUALIFIED SMALL 
              BUSINESS STOCK.

    (a) In General.--Paragraph (4) of section 1202(a) of the Internal 
Revenue Code of 1986 is amended by striking ``and before January 1, 
2014''.
    (b) Conforming Amendments.--
            (1) Section 1202(a) of such Code, as amended by subsection 
        (a), is amended by striking paragraphs (2) and (3) and by 
        redesignating paragraph (4) as paragraph (2).
            (2) Section 1202(a)(2) of such Code, as redesignated by 
        paragraph (1), is amended by adding ``and'' at the end of 
        subparagraph (A), by striking subparagraph (B), and by 
        redesignating subparagraph (C) as subparagraph (B).
            (3) Section 1223(13) of such Code is amended by striking 
        ``1202(a)(2),''.
            (4) The heading for section 1202 of such Code is amended by 
        striking ``partial exclusion for gain'' and inserting 
        ``exclusion of certain gain''.
            (5) The item relating to section 1202 in the table of 
        sections for part I of subchapter P of chapter 1 of such Code 
        is amended by striking ``Partial exclusion for gain'' and 
        inserting ``Exclusion of certain gain''.
    (c) Effective Date.--The amendments made by this section apply to 
stock acquired after December 31, 2013.
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