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ARTICLE · 25 OCTOBER 2010

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The Small Business Jobs and Credit Act of 2010, contains an amendment to an existing tax incentive for investments in small business corporations that offers a potential zero capital gain tax rate for investments made during the fourth quarter of 2010.

United StatesTax
Sanford Davis
Sanford Davis
David Guin
David Guin
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The Small Business Jobs and Credit Act of 2010, contains an amendment to an existing tax incentive for investments in small business corporations that offers a potential zero capital gain tax rate for investments made during the fourth quarter of 2010.

Introduction

The Small Business Jobs and Credit Act of 2010 ("2010 Small Business Act"), signed by President Obama on September 27, 2010, contains an amendment to an existing tax incentive for investments in small business corporations that offers a potential zero capital gain tax rate for investments made during the fourth quarter of 2010. This amendment will benefit individual investors who invest either directly in qualifying small businesses or indirectly through private equity and venture capital funds that invest in qualifying small businesses (in either case qualifying small businesses includes specialized small business investment companies ("SBICs") licensed to operate under the Small Business Investment

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