Small Biz Jobs Act Signed into Law

posted Oct 9, 2010, 8:05 AM by Unknown user   [ updated Oct 9, 2010, 8:45 AM ]

President Obama signed the Small Business Jobs Act into law on Monday, providing $12 billion in tax breaks and a $30 billion lending fund for small businesses.

The bill eliminates all capital gains taxes on small business investments held more than five years. Over 1 million small businesses are eligible this year for investments that, if held for five years or longer, could be completely excluded from any capital gains taxation. (Full Article) article posted on WebCPA 10/6/10

Another article posted by Jesse Lee on September 27, 2010 at 02:37 PM EDT
From 'The White House Blog'