New Tax Incentives in the Small Business Jobs Act of 2010
New Tax Incentives in the Small Business Jobs Act of 2010
President Obama signed into law the Small Business Jobs Act of 2010 (H.R. 5297, the “Act”) on September 27, 2010. The Act includes a $12 billion tax incentive package aimed at small businesses to help them grow and to expand lending. These tax incentives are offset by several revenue-raising provisions, as discussed in more detail below.
Provisions Providing Small Business Access to Capital
Temporary 100 Percent Gain Exclusion on the Sale of Certain Small Business Stock
In general, non-corporate taxpayers may exclude 50 percent of any gain from the …