PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Finance.
Congressional Research Service
Version 00 · Introduced in Senate · May 15, 1997
Small Business Capital Gains Enhancement Act of 1997 - Amends the Internal Revenue Code to increase from 50 percent to 75 percent the exclusion from gain for a taxpayer, including a corporation, resulting from the sale or exchange of qualified small business stock held for more than five years. States that stock held among members of a parent-subsidiary controlled group shall not be eligible for such treatment. Exempts such exclusion from alternative minimum tax provisions. Increases: (1) the qualified small business asset limit from $50 million to $100 million; and (2) the per-issuer limit from $10 million to $20 million. Increases the working capital asset holding period from two years to five years. Provides for the nontaxable rollover of gain from qualified small business stock to another small business stock.
People & committees
Sen. Bumpers, Dale [D-AR] · D–AR
Legislative record
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Read twice and referred to the Committee on Finance.
Sponsor introductory remarks on measure. (CR S4588-4589)
Introduced in Senate
Primary sources
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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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