In the deal to eliminate the fiscal cliff that passed Congress last week, capital gains tax relief was given to some investment groups that could help bolster Nashville's investments in startup companies. The American Taxpayer Relief Act includes a 100 percent exemption on Qualified Small Business Stock through 2013 and applies retroactively to investments made in 2012, addressing the expiration of the exemption in 2011, according to Angel Capital Association, a trade association of angel groups and private investors investing in high-growth, early stage ventures.
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