Summary: S.1932 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for S.1932. Bill summaries are authored by CRS.

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Introduced in Senate (11/07/1991)

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.