specialized small business investment company

(2) Active business requirement; etc. (A) In general Stock in a corporation shall not be treated as qualified small business stock unless, during substantially all of the taxpayer’s holding period for such stock, such corporation meets the active business requirements of subsection (e) and such corporation is a C corporation. (B) Special rule for certain small business investment companies (i) Waiver of active business requirement Notwithstanding any provision of subsection (e), a corporation shall be treated as meeting the active business requirements of such subsection for any period during which such corporation qualifies as a specialized small business investment company. (ii) Specialized small business investment company For purposes of clause (i), the term “specialized small business investment company” means any eligible corporation (as defined in subsection (e)(4)) which is licensed to operate under section 301(d) of the Small Business Investment Act of 1958 (as in effect on May 13, 1993 ).


26 USC § 1202(c)(2)

Scoping language

For purposes of this section
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