legislation: 103-hr-4175

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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
103-hr-4175 103 hr 4175 To amend the Small Business Act to provide financial assistance to small businesses operating in urban empowerment zones and enterprise communities and to amend the Internal Revenue Code of 1986 to allow individuals an exclusion for capital gain from new investments in those small businesses. Commerce 1994-04-12 1994-04-26 Referred to the Subcommittee on SBA Legislation and the General Economy. House Rep. Machtley, Ronald K. [R-RI-1] RI R M000015 0 Amends the Small Business Act to earmark specified funds to be expended after FY 1994 for small businesses operating in urban empowerment zones or enterprise communities (urban tax enterprise zones). Amends the Internal Revenue Code to exclude from gross income qualified capital gain recognized on the sale or exchange of an urban tax enterprise zone asset held for more than five years. Describes such assets as enterprise zone stock, business property, and partnership interests. 2024-02-07T16:32:33Z  

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