Julia D. Corelli and
Laura D. Warren
On September 27, 2010, President Obama signed into law the Small
Business Jobs Act of 2010 (H.R. 5297), which included among many other
provisions, a short-term 100 percent exclusion (subject to per issuer
limitations) from gross income of gain derived...
The Obama administration announced on January 31, 2011 that the President's 2012 budget plan will include a proposal to make permanent the 100% exclusion from tax on capital gains from the sale or exchange of qualified small business stock... To qualify for the exclusion the qualified small business...
QSBS Exclusion, Deferral Statutes Unconstitutional
In August 2012, California's Second District Court of Appeal determined that the "qualified small business stock" (QSBS) exclusion and deferral statutes were unconstitutional. See Cal. Rev. & Tax. Code Sections 18038.5 and 18152...