S. 1932 (102nd): Enterprise Capital Formation Act of 1991

Nov 07, 1991 (102nd Congress, 1991–1992)
Died (Referred to Committee)
Dale Bumpers
Senator from Arkansas
Related Bills
S. 368 (103rd) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Feb 16, 1993

H.R. 3741 (identical)

Referred to Committee
Last Action: Nov 07, 1991


This bill was introduced on November 7, 1991, in a previous session of Congress, but was not enacted.

Introduced Nov 07, 1991
Referred to Committee Nov 07, 1991
Full Title

A bill 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 start-up and other small enterprises.


No summaries available.

Primary Source

THOMAS.gov (The Library of Congress)

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GovTrack’s Bill Summary

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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.

Enterprise Capital Formation Act of 1991 - Amends the Internal Revenue Code to allow a deduction for gain on investments in new small business stock (seed capital) 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

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