Expansion of Qualified Small Business Stock Exclusion |
100 % exclusion for stock held 5 + years, $ 10M perissuer limit, $ 50M gross assets |
Phased exclusion: 50 % at 3 years, 75 % at 4 years, 100 % at 5 years for new stock; per-issuer limit increased to $ 15M, gross assets to $ 75M, both indexed |
Increases attractiveness of equity investment in small businesses and startups |
Reinstatement of De Minimis Rules for Third Party Network Transactions |
$ 600 threshold |
Restores $ 20,000 / 200 transaction threshold |
Reduces reporting burden for gig economy and small businesses |
Permanent Enhancement of Opportunity Zones |
Set to expire |
Decennial re-designation, expanded reporting, new rural opportunity funds, extended / modified benefits |
Expands and extends tax incentives for investment in distressed areas |
1 % Floor on Corporate Charitable Deductions |
Corporations could deduct up to 10 % of taxable income for charitable contributions. |
Only contributions exceeding 1 % of taxable income are deductible, up to 10 %, with carryforward rules. |
Reduces the immediate tax benefit of charitable giving for corporations, especially those with lower taxable income. |