EXTENSION OF TEMPORARY EXCLUSION OF 100 PERCENT OF GAIN ON CERTAIN SMALL BUSINESS STOCK.

SEC. 324. EXTENSION OF TEMPORARY EXCLUSION OF 100 PERCENT OF GAIN ON CERTAIN SMALL BUSINESS STOCK. (a) In General.—Paragraph (4) of section 1202(a) is amended— (1) by striking “January 1, 2012” and inserting “January 1, 2014”, and (2) by striking “and 2011” and inserting “, 2011, 2012, and 2013” in the heading thereof. (b) Technical Amendments.— (1) Special rule for 2009 and certain period in 2010.—Paragraph (3) of section 1202(a) is amended by adding at the end the following new flush sentence: “In the case of any stock which would be described in the preceding sentence (but for this sentence), the acquisition date for purposes of this subsection shall be the first day on which such stock was held by the taxpayer determined after the application of section 1223.”. (2) 100 PERCENT EXCLUSION.—Paragraph (4) of section 1202(a) is amended by adding at the end the following new flush sentence: “In the case of any stock which would be described in the preceding sentence (but for this sentence), the acquisition date for purposes of this subsection shall be the first day on which such stock was held by the taxpayer determined after the application of section 1223.”. (c) [26 U.S.C. 1202 note] Effective Dates.— (1) In general.—The amendments made by subsection (a) shall apply to stock acquired after December 31, 2011. (2) Subsection (b)(1).—The amendment made by subsection (b)(1) shall take effect as if included in section 1241(a) of division B of the American Recovery and Reinvestment Act of 2009. (3) Subsection (b)(2).—The amendment made by subsection (b)(2) shall take effect as if included in section 2011(a) of the Creating Small Business Jobs Act of 2010.