The gross assets test rises from $50,000,000 to $75,000,000
What the document says“Subparagraphs (A) and (B) of section 1202(d)(1) are each amended by striking "$50,000,000" and inserting "$75,000,000".”
The section strikes $50,000,000 and inserts $75,000,000 in subparagraphs (A) and (B) of section 1202(d)(1) of the Internal Revenue Code of 1986, and adds an inflation adjustment so that from a taxable year beginning after 2026 those figures rise with a cost of living adjustment measured from calendar year 2025, rounded to the nearest $10,000. The change applies to stock issued after enactment.
What the document actually says“Subparagraphs (A) and (B) of section 1202(d)(1) are each amended by striking "$50,000,000" and inserting "$75,000,000".”
The figure $50 million is taken out in two places. The figure $75 million is put in.
The figure caps how big a firm may be. A bigger cap lets more firms qualify. It grows with prices after 2026.
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