The per company cap rises to $15,000,000 for newer stock
What the document says“if such stock was acquired by the taxpayer after the applicable date, $15,000,000, reduced by the sum of--”
The section rewrites section 1202(b)(1)(A) of the Internal Revenue Code of 1986 to point to the applicable dollar limit and adds a new paragraph (4) setting that limit at $10,000,000 for stock acquired on or before the applicable date and $15,000,000 for stock acquired after it, in each case reduced by eligible gain already taken into account for prior years from that corporation's stock. From a taxable year beginning after 2026 the $15,000,000 rises with a cost of living adjustment measured from calendar year 2025, rounded to the nearest $10,000, and once the limit is exceeded in a year the limit for later years is zero.
What the document actually says“if such stock was acquired by the taxpayer after the applicable date, $15,000,000, reduced by the sum of--”
For stock bought after the applicable date the cap is $15 million. It is cut by the sums listed below.
For older stock the cap stays at $10 million. Gain already claimed cuts the cap. Once the cap is passed, later years get nothing.
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