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  • Not enacted
    The President has not signed this bill
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      house Committees
      House Committee on Ways and Means
    IntroducedJuly 1st, 2010

Bill Details

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Official Title

To amend the Internal Revenue Code of 1986 to provide a credit for investment in new or expanding small businesses.


Amends the Internal Revenue Code to allow individual taxpayers a tax credit for 20% of their qualified small business investments. Defines "qualified small business investment" as any stock in a domestic corporation acquired at its original issue or any capital or profits interest in a domestic partnership if: (1) such stock or interest was acquired solely in exchange for cash; and either (2) such corporation or partnership has been in existence less than 2 years as of the date of such acquisition or such corporation or partnership had at least a 10% growth rate for each of the 2 years preceding such acquisition.

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