Sec. 2011. TEMPORARY EXCLUSION OF 100 PERCENT OF GAIN ON CERTAIN SMALL BUSINESS STOCK

219 words·~1 min read·/statute-compilations/comps-9466/sec-2011

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## SEC. 2011 TEMPORARY EXCLUSION OF 100 PERCENT OF GAIN ON CERTAIN SMALL BUSINESS STOCK ###

(a)In General Subsection

(a)of section 1202 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: > > #### “(4) 100 PERCENT EXCLUSION FOR STOCK ACQUIRED DURING CERTAIN PERIODS IN 2010 > > In the case of qualified small business stock acquired after the date of the enactment of the Creating Small Business Jobs Act of 2010 and before January 1, 2011— > > > ##### “(A) > > paragraph

(1)shall be applied by substituting ‘100 percent’ for ‘50 percent’, > > > ##### “(B) > > paragraph

(2)shall not apply, and > > > ##### “(C) > > paragraph

(7)of section 57(a) shall not apply.” > . ###

(b)Conforming Amendment Paragraph

(3)of section 1202(a) of the Internal Revenue Code of 1986 is amended— ####

(1)by inserting “certain periods in” before “2010” in the heading, and ####

(2)by striking “before January 1, 2011” and inserting “on or before the date of the enactment of the Creating Small Business Jobs Act of 2010”. ###

(c)Effective Date The amendments made by this section shall apply to stock acquired after the date of the enactment of this Act.