(a)Exclusion (1)In general In the case of a taxpayer other than a corporation, gross income shall not include 50 percent of any gain from the sale or exchange of qualified small business stock held for more than 5 years. (2)Empowerment zone businesses (A)In general In the case of qualified small business stock acquired after the date … Read More
§230.501 Definitions and terms used in Regulation D. As used in Regulation D (§230.500 et seq. of this chapter), the following terms shall have the meaning indicated: (a) Accredited investor. Accredited investor shall mean any person who comes within any of the following categories, or who the issuer reasonably believes comes within any of … Read More
Updated Code Section 1202 107 STAT. 422 PUBLIC LAW 103-66-AUG. 10, 1993 (c) EFFECTIVE DATE.-The amendments made by this section shall apply to taxable years beginning after December 31, 1993. Subpart B-Capital Gain Provisions SEC. 13113. 50-PERCENT EXCLUSION FOR GAIN FROM CERTAIN SMALL BUSINESS STOCK. (Before February 17, 2009) 75-PERCENT EXCLUSION FOR … Read More