H.R.30 - Small Business Investment Enhancement and Tax Relief Act

To amend the Small Business Investment Act of 1958, to provide for a small business early-stage investment program, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Small Business Investment Act of 1958, to provide for a small business early-stage investment program, and for other purposes. as introduced.
  • Short: Small Business Investment Enhancement and Tax Relief Act as introduced.

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Introduced
 
House
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Senate
Passes
 
President
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01/02/13
 
 
 
 
 
 
 

Official 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 investm

Official 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.

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