HR 2767 · 118th Congress · Taxation

Small Business Investment Act of 2023

Introduced 2023-04-20· Sponsored by Rep. Kustoff, David [R-TN-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2023-04-20)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (1)

1 Republican
Rep. Fitzpatrick, Brian K. [R-PA-1]PA