H.R. 10367

Working Americans Affordability Tax Credit Act

Sponsor: Greg Landsman · 0 cosponsors

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I Affordability tax credit

II Elimination of deferral for applicable taxpayers

III Application of other provisions to applicable taxpayers and entities

A Individuals

B Rules for applicable entities and trusts

C Treatment of deferred compensation and certain life insurance and annuity contracts

D Repeal of special treatment for certain investments

Sec. 331. Treatment of exclusion for certain small business stock

(a) In general. Section 1202(a) is amended by adding at the end the following new paragraph:

Text this section adds to the law

(5) Special rules for applicable taxpayers

(A) In general. This subsection shall not apply to any gain from the sale or exchange of qualified small business stock by an applicable taxpayer (as defined in section 495).

(B) Exception. Subparagraph (A) shall not apply to any qualified small business stock acquired before November 30, 2025.

(b) Effective date. The amendment made by this subsection shall apply to sales or exchanges on or after November 30, 2025.