Senators introduce Startup Act 2.0

A bipartisan group of U.S. senators introduced legislation on Tuesday that aims to change tax requirements for startup investments and amend visa regulations in an effort to create new businesses and jobs. Startup Act 2.0 would make permanent the exemption of capital gains taxes on the net sale of startup stock held for at least five years, and would create an R&D tax credit for startups less than five years old and with less than $5 million in annual receipts. The tax credit is intended to offset employee taxes. ...