Documents tagged "Bryant"
Found 2 documents with this tag
HOUSE_OVERSIGHT_031089.txt
This document discusses a recently enacted federal tax law provision that provides special benefits to founders and investors of new startups. The provision exempts profits from investments in startup companies from all federal income tax under certain circumstances. However, the benefit applies only to stock issued between September 28 and December 31, 2010, and there are specific requirements for qualified small businesses.
HOUSE_OVERSIGHT_018084.txt
This document discusses a special tax benefit for founders and investors of new startups and angel investing, which was enacted as part of a federal tax law provision. The benefit allows profits from investments in startup companies to be exempted from all federal income taxes under certain circumstances. This special tax benefit is applicable only to stock issued between September 28 and December 31, 2010, and has specific requirements for the founder or investor, such as holding shares of a qualified small business for at least five years. The document emphasizes that time is of the essence to take advantage of this tax benefit.