US HB30 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 3 2013 - 25% progression, died in committee
Action: 2013-01-03 - Referred to House Ways and Means
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 3 2013 - 25% progression, died in committee
Action: 2013-01-03 - Referred to House Ways and Means
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Small Business Investment Enhancement and Tax Relief Act - Amends the Small Business Investment Act of 1958 to direct the Administrator of the Small Business Administration (SBA) to establish and carry out an early-stage investment program (program) to provide, through participating investment companies, equity financing to support early-stage businesses (gross annual sales of $15 million or less in any of the previous three years). Outlines investment company application requirements and selection procedures. Allows the Administrator to make one or more equity financings to a participating company, with a limit of $100 million to any one company. Requires the company to make all of their investments in small businesses, of which at least 50% shall be early-stage small businesses. Establishes in the Treasury a separate fund for equity financings under the program. Amends the Internal Revenue Code to provide a small business investment tax credit of 20% of the amount paid or incurred for small business investments. Directs the Secretary of the Treasury to conduct a study of the effectiveness of the tax credit in providing incentives for investment in small businesses.
Title
Small Business Investment Enhancement and Tax Relief Act
Sponsors
Rep. Nydia Velazquez [D-NY] | Rep. Maxine Waters [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2013-01-03 | House | Referred to House Ways and Means |
2013-01-03 | House | Referred to House Small Business |
2013-01-03 | House | Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
Same As/Similar To
SB1285 (Related) 2013-07-11 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Subjects
Agricultural practices and innovations
Alternative and renewable resources
Business investment and capital
Commerce
Computers and information technology
Corporate finance and management
Digital media
Environmental technology
Financial services and investments
Government trust funds
Health technology, devices, supplies
Income tax credits
Manufacturing
Military procurement, research, weapons development
Public-private cooperation
Securities
Small business
Alternative and renewable resources
Business investment and capital
Commerce
Computers and information technology
Corporate finance and management
Digital media
Environmental technology
Financial services and investments
Government trust funds
Health technology, devices, supplies
Income tax credits
Manufacturing
Military procurement, research, weapons development
Public-private cooperation
Securities
Small business
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/house-bill/30/all-info |
Text | https://www.congress.gov/113/bills/hr30/BILLS-113hr30ih.pdf |