qualified small business stock
Defined in 2 places of the United States Code.
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).
Source
- 1994–present26 U.S.C. § 1202Internal Revenue Code · Partial exclusion for gain from certain small business stock · in this section
The term “qualified small business stock” has the meaning given such term by section 1202(c).
Source
- 1997–present26 U.S.C. § 1045Internal Revenue Code · Rollover of gain from qualified small business stock to another qualified small business stock · for purposes of this section