Bill117th CongressFiled Jul 6, 2021Taxation
H.R. 4367
BOOST Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jul 6, 2021)
Better Opportunity and Outcomes for Socially Disadvantaged Talent Act of 2021 or the BOOST Act of 2021
This bill allows an exclusion from gross income, for income tax purposes, of 50% of any gain from the sale or exchange of a certified equity interest held for more than 3 years for corporations and partnerships in which a socially disadvantaged individual who is a U.S. citizen has an ownership interest.
What just happenedJul 6, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Mfume, Kweisi [D-MD-7](D-MD)Sponsor
6 cosponsors6 D
6cosponsors1committees3actions
- Introduced in HouseJul 6, 2021
- Jul 6, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jul 6, 2021IntroReferralIntro-H
Introduced in House
- Jul 6, 2021IntroReferral1000
Introduced in House