H.R. 3937 · 118th Congress
Small Business Jobs Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
SmithSponsorNo cosponsors.
This bill provides tax incentives for investment in small businesses. Among other provisions, the bill
What it does: CRS summary · Reported to House · Jun 30, 2023
Small Business Jobs Act
This bill provides tax incentives for investment in small businesses. Among other provisions, the bill
- increases from $600 to $5,000 (adjusted annually for inflation) the general reporting threshold for services performed by an independent contractor or subcontractor,
- restores reporting requirements for third party network transactions,
- modifies the exclusion of gain from the sale of qualified small business stock,
- increases the ceiling for expensing of depreciable business assets,
- establishes rural opportunity zones, and
- reinstates reporting requirements for qualified opportunity zones and applies such requirements to qualified rural opportunity zones.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Jobs Act
Latest action (Jun 30, 2023): Placed on the Union Calendar, Calendar No. 100.
Policy area: Taxation · Origin: House · Introduced: Jun 9, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.