HR 10148 · 95th Congress · Commerce

Venture Capital Tax Act

Introduced 1977-11-29· Sponsored by Rep. Downey, Thomas J. [D-NY-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-11-29)

Plain Language Summary

[AI summary unavailable — showing source text] Venture Capital Tax Act - Amends the Internal Revenue Code to defer realized gain, and to cumulate holding periods, on exchanges of stock in certain new, independent corporations. Provides that all stock options granted by such corporations shall be considered qualified stock options. Increases the limitations on ordinary losses on small business stock.…

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