H.R. 902 (103rd): Enterprise Capital Formation Act of 1993

Introduced:
Feb 16, 1993 (103rd Congress, 1993–1994)
Sponsor:
Rep. Robert Matsui [D-CA5]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 1918 (104th) on Jun 22, 1995.

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

(About Ads | Advertise Here)
Status

This bill was introduced on February 16, 1993, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 16, 1993
Cosponsors
23 cosponsors (22D, 1R) (show)
Committees

House Ways and Means

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

Full Title

To amend the Internal Revenue Code of 1986 to provide a capital gains tax differential for individual and corporate taxpayers who make high-risk, long-term, growth-oriented venture and seed capital investments in startup and other small enterprises.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Feb 16, 1993.
28 pages

Primary Source

View on THOMAS (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here.

Citation

Click a format for a citation suggestion:

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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

2/16/1993--Introduced.
Enterprise Capital Formation Act of 1993 - Amends the Internal Revenue Code to exclude from gross income: (1) 50 percent of the gain from the sale or exchange of qualified small business stock, other than seed capital stock, held for more than five years; plus (2) an applicable percentage (from 50 to 100 percent) from the sale or exchange of such stock which is seed capital stock held for at least five years. Establishes special rules for such investments. Provides for determining the maximum capital gains rate for small business net capital gain or seed capital gain. Treats capital gains on the sale of such stock as a preference item for purposes of the minimum tax.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)

  • Title 15: COMMERCE AND TRADE
  • Chapter 14B: SMALL BUSINESS INVESTMENT PROGRAM
  • Subchapter III: INVESTMENT DIVISION PROGRAMS
  • Part A: Small Business Investment Companies
  • Section 682: Capital requirements