S 208

112th CONGRESS
1st Session

S. 208

To amend the Internal Revenue Code of 1986 to extend the 100 percent exclusion for gain on certain small business stock.

IN THE SENATE OF THE UNITED STATES

January 26, 2011

Mr. KERRY (for himself and Ms. SNOWE) introduced the following bill; which was read twice and referred to the Committee on Finance


A BILL

To amend the Internal Revenue Code of 1986 to extend the 100 percent exclusion for gain on certain small business stock.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. EXTENSION OF TEMPORARY EXCLUSION OF 100 PERCENT OF GAIN ON CERTAIN SMALL BUSINESS STOCK.

    (a) In General- Paragraph (4) of section 1202(a) of the Internal Revenue Code of 1986, as amended by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, is amended--

      (1) by striking `January 1, 2012' and inserting `January 1, 2013', and

      (2) by striking `AND 2011' and inserting `2011, AND 2012' in the heading thereof.

    (b) Effective Date- The amendments made by this section shall apply to stock acquired after December 31, 2010.

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