legislation: 101-hr-5838

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
101-hr-5838 101 hr 5838 Seed Capital Formation Act of 1990 Taxation 1990-10-16 1990-10-16 Referred to the House Committee on Ways and Means. House Rep. Hoagland, Peter [D-NE-2] NE D H000652 4 Seed Capital Formation Act of 1990 - Amends the Internal Revenue Code to allow a tax deduction for capital gains on small business stock held at least five years. Sets forth the formula for determining the applicable percentage of such gain from 25 percent for five years, up to 100 percent for such stock held for ten years. Establishes a maximum capital gains rate for individuals and corporations with small business stock gain. Revises the definition of a small business corporation. Provides for the treatment of a corporation as a small business corporation if its stock does not exceed $5,000,000 (currently $1,000,000). Adjusts such amount for inflation. 2025-08-26T17:28:03Z  

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