pic-asher.jpgCONTRIBUTED BY
Asher Bearman


For those of you who have been following our blog over the past few months, we’ve previously written about the new tax legislation that passed last week, which extended many of the Bush tax cuts as well as the new tax-free rules for qualified small business stock.  For fund managers, it may be that what is missing from the legislation is as important as any of the new rules.  Specifically, despite proposals in recent months that would have increased tax rates on the profit interests fund managers typically receive from their funds (commonly referred to as “carried interest”), the new legislation does not alter the existing capital gains treatment of carried interest

Read the National Venture Capital Association’s response to the final legislation here.