The Obama administration is expected to propose permanently eliminating capital gains taxes on some types of small business investments held for over five years.
The White House is expected to announce the proposal Monday as part of a group of proposals aimed at encouraging small business entrepreneurship, according to The Wall Street Journal. The capital gains exemption extends a provision of last year’s Small Business Jobs Act that is set to expire this December.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access