A bill to amend the Internal Revenue Code of 1954 to provide a credit against tax for investment in original issue stock of small and medium-sized corporations.

Amends the Internal Revenue Code to allow a taxpayer an income tax credit equal to ten percent of his investment in incentive stock for a taxable year. Limits the dollar amount of such credit to $750 for a taxable year ($1,500 in the case of a joint return).

Defines "incentive stock" as common or preferred stock which is registered with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934 and which is part of an issue the sale price of which does not exceed $25,000,000. Requires the issuing corporation to be a domestic corporation and to have an equity capital not in excess of $25,000,000. Disqualifies, for purposes of the credit, incentive stock which: (1) is acquired more than 180 days after its issuance; (2) is acquired by a stock broker; (3) is redeemed by the issuing corporation; (4) is investment company stock; (5) is disposed of less than 12 months after its acquisition; and (6) is held by a trust or estate.