H.R.122 - Creating Jobs From Innovative Small Businesses Act of 2013

To amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments in high technology small business concerns. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments in high technology small business concerns. as introduced.
  • Short: Creating Jobs From Innovative Small Businesses Act of 2013 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
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01/03/13
 
 
 
 
 
 
 

Official Summary

Creating Jobs From Innovative Small Businesses Act of 2013 - Amends the Internal Revenue Code to allow a general business tax credit of 20% of the amount paid to acquire an equity investment in a qualified high technology small business concern. Defines \"qualified high technology small bus

Official Summary

Creating Jobs From Innovative Small Businesses Act of 2013 - Amends the Internal Revenue Code to allow a general business tax credit of 20% of the amount paid to acquire an equity investment in a qualified high technology small business concern. Defines \"qualified high technology small business concern\" as a small business concern that employs an average of fewer than 500 employees during a year and devotes at least 50% of its gross expenditures to research and experimentation.

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