qualified small business stock
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1045 — for purposes of this section
The term “qualified small business stock” has the meaning given such term by section 1202(c).
26 U.S.C. § 1202 — in this section
Except as otherwise provided in this section, the term “qualified small business stock” means any stock in a C corporation which is originally issued after the date of the enactment of the Revenue Reconciliation Act of 1993, if—
(A) as of the date of issuance, such corporation is a qualified small business, and
(B) except as provided in subsections (f) and (h), such stock is acquired by the taxpayer at its original issue (directly or through an underwriter)—
(i) in exchange for money or other property (not including stock), or
(ii) as compensation for services provided to such corporation (other than services performed as an underwriter of such stock).