Small Business Investment Incentives Act of 1981

[AI summary unavailable — showing source text] Small Business Investment Incentives Act of 1981 - Amends the Small Business Investment Act of 1958 to repeal the $35,000,000 limitation on the amount of debentures issued by a small business investment company eligible for purchase or guarantee by the Small Business Administration. Permits small business investment companies to make loans to their employees for the purchase of company stock. Amends the Internal Revenue Code to allow a non-refundable investment tax credit of 30 percent of the proceeds of a small business participating loan issued by a socially and economically disadvantaged small business and 20 percent of the proceeds of such a loan issued by a non-disadvantaged small business. Limits such credit to $30,000 ($60,000 in the case of a joint return) for such loans issued by a disadvantaged small business and $20,000 ($40,000 in the case of a joint return) for loans issued by a non-disadvantaged small business. Disallows such credit for loans issued by a related party and loans disposed of prematurely. Allows the carryover of any unused portion of such credit to each of the 7 taxable years following the unused credit year. Treats as long-term capital gain amounts actu…