To amend the Internal Revenue Code of 1986 to modify the exclusion for gain from qualified small business stock.
Summary
What This Bill Does
The bill requires tacking holding period of convertible debt instruments Section 1202(f) of the Internal Revenue Code of 1986 is amended— by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B) and moving such and requires gain exclusion allowed with respect to qualified small business stock in corporation Section 1202(c) of the Internal Revenue Code of 1986 is amended— by striking C corporation in paragraphs (1) and inserting. It relies on definition changes, compliance mandates, tax rate changes, and exemptions. The main policy areas are Business and Finance.
Who Benefits and How
Businesses and employers affected by the bill could face lower compliance burdens and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Businesses and employers affected by the bill would take on compliance duties, and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Requires tacking holding period of convertible debt instruments Section 1202(f) of the Internal Revenue Code of 1986 is amended— by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B) and moving such...
- Requires gain exclusion allowed with respect to qualified small business stock in corporation Section 1202(c) of the Internal Revenue Code of 1986 is amended— by striking C corporation in paragraphs (1) and inserting...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires tacking holding period of convertible debt instruments Section 1202(f) of the Internal Revenue Code of 1986 is amended— by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B) and moving such and requires gain exclusion allowed with respect to qualified small business stock in corporation Section 1202(c) of the Internal Revenue Code of 1986 is amended— by striking C corporation in paragraphs (1) and inserting.
Key Policy Areas
Business, Finance
Primary Purpose
The bill requires tacking holding period of convertible debt instruments Section 1202(f) of the Internal Revenue Code of 1986 is amended— by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B) and moving such and requires gain exclusion allowed with respect to qualified small business stock in corporation Section 1202(c) of the Internal Revenue Code of 1986 is amended— by striking C corporation in paragraphs (1) and inserting.
Policy Domains
Whole bill
Identified Gains
- Businesses and employers affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Businesses and employers affected by the bill
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMr. Kustoff (for himself and Mr. Fitzpatrick) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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