In this task, you are given a summary for US Congressional and California state bill, your task is to generate a Title for this bill. The preferred titles are under forty words and mention the purpose of the bill.

Small Business Development Fund Act of 1997 - Amends the Internal Revenue Code to impose upon each individual who ha
s a 50
percent strategy-based capital gains tax reduction (as defined in this Act) for the taxable year a tax equal to one percent of the strategy amount for that taxable year. Requires the Secretary of the Treasury to publish a list of applicable tax reduction strategies for the next calendar quarter. Makes the above amendment effective only if a decrease in the maximum Federal capital gains tax rate is enacted during 1997.
Amends Code provisions relating to the treatment of certain interests in corporations as stock or indebtedness to treat a corporate interest as stock if such interest: (1) has a maximum weighted average maturity of over 40 years; or (2) is payable in stock of the issuer or a related person. Requires an issuer to be treated as issuing an interest in stock if: (1) the issuer is a corporation required to file annual financial statements with the Securities and Exchange Commission; (2) such statements do not characterize such interest as indebtedness; and (3) such interest has a maximum weighted average maturity of over 15 years. Provides exceptions. Makes such amendment effective only if no decrease in the maximum Federal capital gains tax rate is enacted during 1997.
Establishes in the Treasury the Small Business Development Fund and appropriates to such Fund amounts equal to any taxes received as a result of amendments made by this Act. Provides Fund assistance application requirements. Allows the Fund to provide such financial assistance to credit unions, community development corporations, entities engaged in job creation or enterprise and commercial development, or financial institutions needing capital to begin or expand a small business activity in a low-income community.
Small Business Development Fund Act of 1997