H.R. 5463 · 115th Congress
Creating Tech Startup Jobs Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
RosenSponsor2 cosponsors · 2 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill allows several tax credits for a qualified research intensive small business concern, which is a small business that is not over 10 years old, has fewer than 100 employees, and spends at least 30% of its gross expenditures on research or experimental expenditures.
What it does: CRS summary · Introduced in House · Apr 10, 2018
Creating Tech Startup Jobs Act
This bill allows several tax credits for a qualified research intensive small business concern, which is a small business that is not over 10 years old, has fewer than 100 employees, and spends at least 30% of its gross expenditures on research or experimental expenditures.
For a qualified research intensive small business concern, the bill allows
- a research intensive investment credit for taxpayers who acquire an equity investment in the business,
- a research employment credit for a portion of the first-year research wages that the business pays to full-time research employees, and
- a research expenditure credit for a portion of the research or experimental expenditures of the business.
The bill also (1) sets forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services, and (2) modifies the tax treatment of partners who provide investment management services to partnerships.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Creating Tech Startup Jobs Act
Latest action (Apr 10, 2018): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Apr 10, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.