H.R. 1949 (103rd): To amend the Internal Revenue Code of 1986 to provide a capital gain exclusion for investments in qualified businesses with employee stock ownership programs within Federal enterprise zones.

Introduced:
Apr 29, 1993 (103rd Congress, 1993–1994)
Sponsor:
Rep. Curtis “Curt” Weldon [R-PA7]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on April 29, 1993, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 29, 1993
Cosponsors
1 cosponsors (1D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Last updated Apr 29, 1993.
17 pages

Primary Source

View on THOMAS (The Library of Congress)

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

4/29/1993--Introduced.
Amends the Internal Revenue Code to exclude from gross income 100 percent of qualified capital gain recognized on the sale or exchange of a qualified zone asset held for more than five years. Describes such assets as enterprise zone stock, business property, and partnership interests.

House Republican Conference Summary

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