There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/23/1997)

TABLE OF CONTENTS:

Title I: Tax-Free Conversions of Specialized Small Business

Investment Companies Into Pass-Thru Entities

Title II: Additional Incentives Related to Investing in

Specialized Small Business Investment Companies

Entrepreneurial Equity Capital Formation Act - Title I: Tax-Free Conversions of Specialized Small Business Investment Companies Into Pass-Thru Entities - Amends the Internal Revenue Code to set forth special rules for determining whether a specialized small business investment company is a regulated investment company, to define such a company, to waive the distribution requirement for such a company, and to disregard certain earnings and profits of such a company.

Permits the tax-free reorganization of a specialized small investment company as a partnership if the reorganization is carried out within a specified time period following enactment and other specified conditions are met.

Title II: Additional Incentives Related to Investing in Specialized Small Business Investment Companies - Sets forth additional tax incentives for investing in specialized small business investment companies.