SENATE 1243118th CongressRead twice and referred to the Committee on Finance.
Small Business Investment Act of 2023
- Last Action
- 4/20/2023
Actions
- 2023-04-20Read twice and referred to the Committee on Finance.
- 2023-04-20Introduced in Senate
CRS Summary
As of 2023-04-20 (00)
Small Business Investment Act of 2023
This bill increases the exclusion of gain from the disposition of qualified small business stock held for five years or more. The increase also applies to convertible debt instruments (debt instruments that can be converted into stock).
The bill also eliminates the requirement that qualified small business stock be issued solely by a C corporation.
Sourced from Congress.gov (public domain).
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