“Section 57(a)(7) is amended by striking "An amount" and inserting "In the case of stock acquired on or before the date of the enactment of the Creating Small Business Jobs Act of 2010, an amount".”
The section narrows section 57(a)(7) of the Internal Revenue Code of 1986 to stock acquired on or before the enactment of the Creating Small Business Jobs Act of 2010, and strikes subparagraph (C) of section 1202(a)(4) as a conforming change. That amendment takes effect as if included in section 2011 of that 2010 Act, while the rest of the subsection applies to taxable years beginning after enactment of this Act.
What the document actually says
“Section 57(a)(7) is amended by striking "An amount" and inserting "In the case of stock acquired on or before the date of the enactment of the Creating Small Business Jobs Act of 2010, an amount".”
That sentence, in plain words
Two words are taken out of a minimum tax rule. Longer wording is put in. It ties the rule to stock bought on or before a 2010 law.
What this is about
So newer stock stays out of that rule. The change is treated as part of the 2010 law. That older law is not indexed here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70431, 139 Stat. 240 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“The excluded gain stays out of the tax preference item,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70431, Sec. 70431. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70431-tax-preference/ (retrieved October 10, 2026).
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