HR 3741 · 102th Congress · Taxation

Enterprise Capital Formation Act of 1991

Introduced 1991-11-07· Sponsored by Rep. Matsui, Robert T. [D-CA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1991-11-07)

Plain Language Summary

[AI summary unavailable — showing source text] Enterprise Capital Formation Act of 1991 - Amends the Internal Revenue Code to allow a deduction for gain on investments in new small business stock (seed capital) held for at least five years. Establishes special rules for such investments. Provides for determining the maximum capital gains rate for small business net capital gain or seed capital gain. Treats capital gains on the sale of such stock as a preference item for purposes of the minimum tax.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

12 Democrats8 Republicans
Rep. Moody, Jim [D-WI-5]WI
Rep. Gradison, Willis D., Jr. [R-OH-2]OH
Rep. Markey, Edward J. [D-MA-7]MA
Rep. Hoagland, Peter [D-NE-2]NE
Rep. Pickle, J. J. [D-TX-10]TX
Rep. Vander Jagt, Guy [R-MI-9]MI
Rep. Guarini, Frank J. [D-NJ-14]NJ
Rep. McGrath, Raymond J. [R-NY-5]NY
Rep. Anthony, Beryl, Jr. [D-AR-4]AR
Rep. Chandler, Rod D. [R-WA-8]WA
Rep. Andrews, Michael [D-TX-25]TX
Rep. Johnson, Nancy L. [R-CT-6]CT
Rep. Bunning, Jim [R-KY-4]KY
Rep. Bacchus, Jim [D-FL-11]FL
Rep. Boehner, John A. [R-OH-8]OH
Rep. Bustamante, Albert G. [D-TX-23]TX
Rep. Byron, Beverly B. [D-MD-6]MD
Rep. Campbell, Tom [R-CA-12]CA
Rep. Cramer, Robert E. (Bud), Jr. [D-AL-5]AL
Rep. Feighan, Edward F. [D-OH-19]OH