The House Ways and Means Committee is discussing an amendment to the Qualified Small Business Stock (QSBS) tax exemption as part of the Build Back Better (Infrastructure) bill. This proposed amendment can crush the Venture Capital ecosystem – yet the potential revenue comprises less than 1% of the infrastructure plan’s cost. As a result, the letter below will be sent to Congress to highlight the importance of QSBS to the VC ecosystem and the damage that will occur if this bill passes.
We encourage all organizations and interested parties to sign this letter and join us in our attempt to curtail the decision to remove QSBS provisions.
To continue reading the sign on letter (PDF), click the image down below.
If your organization is interested in joining this sign on letter (PDF) please fill out the form below.
Sign up here to add your name to the letter urging Congress to Preserve QSBS.
This article does not constitute legal or tax advice. Please consult with your legal or tax advisor with respect to your particular circumstance.