S 2498 · 95th Congress · Taxation
Small Business Reinvestment Act
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1978-02-06)
Plain Language Summary
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Small Business Reinvestment Act - Amends the Internal Revenue Code to provide that if an equity or proprietary interest is sold, gain from such sale shall be recognized only to the extent that the sale price exceeds the cost of an equity or proprietary interest in a small business purchased within two years from the date of the sale.…
Summarized by Claude AI · Non-partisan · For informational purposes only