Legis Daily

BOOST Act of 2021

USA117th CongressHR-4367| House 
| Updated: 7/6/2021
Kweisi Mfume

Kweisi Mfume

Democratic Representative

Maryland

Cosponsors (6)
Dwight Evans (Democratic)Emanuel Cleaver (Democratic)Danny K. Davis (Democratic)James E. Clyburn (Democratic)Marie Newman (Democratic)Bennie G. Thompson (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Better Opportunity and Outcomes for Socially Disadvantaged Talent Act of 2021 or the BOOST Act of 2021 This bill allows an exclusion from gross income, for income tax purposes, of 50% of any gain from the sale or exchange of a certified equity interest held for more than 3 years for corporations and partnerships in which a socially disadvantaged individual who is a U.S. citizen has an ownership interest.
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Timeline
Jul 6, 2021
Introduced in House
Jul 6, 2021
Referred to the House Committee on Ways and Means.
  • July 6, 2021
    Introduced in House


  • July 6, 2021
    Referred to the House Committee on Ways and Means.

Taxation

BOOST Act of 2021

USA117th CongressHR-4367| House 
| Updated: 7/6/2021
Better Opportunity and Outcomes for Socially Disadvantaged Talent Act of 2021 or the BOOST Act of 2021 This bill allows an exclusion from gross income, for income tax purposes, of 50% of any gain from the sale or exchange of a certified equity interest held for more than 3 years for corporations and partnerships in which a socially disadvantaged individual who is a U.S. citizen has an ownership interest.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 6, 2021
Introduced in House
Jul 6, 2021
Referred to the House Committee on Ways and Means.
  • July 6, 2021
    Introduced in House


  • July 6, 2021
    Referred to the House Committee on Ways and Means.
Kweisi Mfume

Kweisi Mfume

Democratic Representative

Maryland

Cosponsors (6)
Dwight Evans (Democratic)Emanuel Cleaver (Democratic)Danny K. Davis (Democratic)James E. Clyburn (Democratic)Marie Newman (Democratic)Bennie G. Thompson (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted