S. 2946 · 108th Congress
Small Business Growth Act
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BayhSponsorNo cosponsors.
Small Business Growth Act - Amends the Internal Revenue Code to allow certain small business employers a business tax credit for a percentage of the amount paid for employee health insurance expenses and for employee training expenses.
What it does: CRS summary · Introduced in Senate · Oct 8, 2004
Small Business Growth Act - Amends the Internal Revenue Code to allow certain small business employers a business tax credit for a percentage of the amount paid for employee health insurance expenses and for employee training expenses. Directs the Internal Revenue Service to implement an educational program to ensure awareness of the tax credit for employee health insurance expenses.
Authorizes appropriations for general business loans under the Small Business Act for FY 2005 through 2007. Provides for an inflation adjustment for authorized loan amounts after FY 2007. Establishes new limits for individual small business loans.
Extends until taxable year 2008 provisions allowing an increased tax deduction (up to $100,000) for small business assets in the year such assets are placed in service.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Growth Act
Latest action (Oct 8, 2004): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Oct 8, 2004
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.