§ 1202(c)(1)

qualified small business stock

UNDECIDED

0 of 2 settled

  1. 1

    § 1202(c)(1)

    ALL OF

    Except as otherwise provided in this section, the term “qualified small business stock” means any stock in a C corporation which is originally issued after the date of the enactment of the Revenue Reconciliation Act of 1993, if—

    NOT“Except as otherwise provided in this section,” Opening words
    “any stock in a C corporation which is originally issued” Opening words
    “after the date of the enactment of the Revenue Reconciliation Act of 1993,” Opening words
    “as of the date of issuance, such corporation is a qualified small business, and” § 1202(c)(1)(A) needs Step 2 a qualified small business UNDECIDED
    “except as provided in subsections (f) and (h), such stock is acquired by the taxpayer at its original issue (directly or through an underwriter)— in exchange for money or other property (not including stock), or as compensation for services provided to such corporation (other than services performed as an underwriter of such stock).” § 1202(c)(1)(B)
    Research 1
  2. 2

    § 1202(d)(1)

    a qualified small business

    ALL OF

    The term “qualified small business” means any domestic corporation which is a C corporation if—

    “any domestic corporation which is a C corporation” Opening words
    “the aggregate gross assets of such corporation (or any predecessor thereof) at all times on or after the date of the enactment of the Revenue Reconciliation Act of 1993 and before the issuance did not exceed $75,000,000,” § 1202(d)(1)(A)
    “the aggregate gross assets of such corporation immediately after the issuance (determined by taking into account amounts received in the issuance) do not exceed $75,000,000, and” § 1202(d)(1)(B)
    “such corporation agrees to submit such reports to the Secretary and to shareholders as the Secretary may require to carry out the purposes of this section.” § 1202(d)(1)(C)
    Research 1
    Research 1