BUILDING THE OWNERSHIP ECONOMY

Policy Desk

Carta engages policymakers, founders, employees, and investors to drive policy that supports the private market ecosystem.

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Carta’s policy priorities

Carta’s policy priorities

Five key objectives that aim to make innovation and ownership core to our economy.

Recent engagements

83(b) paperwork

83(b) election

An 83(b) election lets taxpayers accelerate a portion of their tax liability on equity ownership to the date of acquiring the shares—it can result in significant tax savings. Carta sought a streamlined 83(b) election process that would allow employees to sign and file electronically.

The policy team organized 40+ organizations to petition the IRS for electronic signature relief.

Outcome: IRS has provided temporary relief that enables electronic signature for 83(b) elections through October 2023.
Read more on the IRS website
Coin entering a slot next to a chart of numbers

Private fund adviser rules

In February 2022, the SEC proposed new rules requiring greater disclosures and reporting requirements for registered investment advisers.

Carta sought to expand the comment period beyond the original 30 days and recommended SEC consider the rules’ adverse impact on emerging funds.

Outcome: The SEC extended the comment period and Carta remains engaged as the matter is still pending.
Read more
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QSBS tax treatment

The qualified small business stock (QSBS) exclusion limits capital gains taxes for the founders, employees, and investors of small businesses. Carta sought to prevent curtailment of the QSBS exclusion, which provides vital support to startups.

The policy team:
  • Built a coalition of advocacy leaders across the innovation economy
  • Organized multiple coalition letters to Congress
  • Engaged 40+ meetings with policymakers

Outcome: The measure to curtail QSBS curtailment was removed from Inflation Reduction Act.
Read more

Where Carta works

The policy team helps companies engage with local, state, and federal policymakers.

Where Carta works

Meet the team

The policy team works every day to advance the innovation economy and help make sure that more people can participate in the ownership economy.

Sign up for Carta’s weekly policy newsletter

Each week, the Carta policy team shares weekly insights and analysis of on key issues impacting the private market ecosystem.