US Congress Senate Bill 1085 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on June 3 2013 - 25% progression, died in committee
Action: 2013-06-03 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Small Business Tax Certainty and Growth Act of 2013 - Expresses the sense of the Senate that Congress should undertake comprehensive tax reform to make the tax system fairer and simpler and to promote economic growth. Amends the Internal Revenue Code to: (1) make permanent the increased tax deductions for business start-up expenditures, organizational expenditures, and organization and syndication fees; (2) allow the cash accounting method for businesses whose gross receipts do not exceed $10 million (currently, $5 million); (3) exempt businesses whose gross receipts do not exceed $10 million from the requirement to use inventories; (4) make permanent the $250,000 allowance for expensing business assets, including computer software; (5) extend for one year the additional depreciation allowance for business assets; and (6) extend through 2014 the 15-year straight-line depreciation allowance for qualified leasehold, restaurant, and retail improvements.

Small Business Tax Certainty and Growth Act of 2013

Sen. Susan Collins [R-ME]

Sen. Robert Casey [D-PA]

Sen. Barbara Mikulski [D-MD]

Date	Chamber	Action
2013-06-03	Senate	Read twice and referred to the Committee on Finance.
2013-06-03	Senate	Sponsor introductory remarks on measure. (CR S3908)

HB947 (Related) 2013-03-05 - Referred to the House Committee on Ways and Means.
HB3948 (Related) 2014-01-28 - Referred to the House Committee on Ways and Means.
HB4019 (Related) 2014-02-06 - Referred to the House Committee on Ways and Means.
SB1498 (Related) 2013-09-12 - Read twice and referred to the Committee on Finance.
SB1737 (Related) 2014-04-02 - Motion to proceed to consideration of measure made in Senate. (consideration: CR S2043)
SB1858 (Related) 2013-12-18 - Read twice and referred to the Committee on Commerce, Science, and Transportation.
SB2223 (Related) 2014-04-30 - Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Record Vote No. 117) entered in Senate. (consideration: CR S2527-2528, S2535-2543, S2543-2546, S2546-2547, S2548-2549)

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/1085/all-info
Text	https://www.congress.gov/113/bills/s1085/BILLS-113s1085is.pdf