S 2428 · 95th Congress · Commerce

Small Business and Farms Capital Preservation Act

Introduced 1978-01-25· Sponsored by Sen. Haskell, Floyd K. [D-CO]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1978-01-25)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business and Farms Capital Preservation Act - Amends the Internal Revenue Code to allow an individual who has held an equity or unsecured investment in a small business concern for 12 months or longer to elect nonrecognition of any gain from the sale of such investment to the extent such gain is reinvested in a small business concern.…

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