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HR 4855 113th Congress House Taxation Accounting and auditing Advanced technology and technological innovations Business investment and capital Capital gains tax Income tax credits Income tax deductions Inflation and prices Research and development Small business Tax administration and collection, taxpayers

To amend the Internal Revenue Code of 1986 to provide an exception from the passive loss rules for investments in high technology research small business pass-thru entities.

Introduced: June 12, 2014 See on congress.gov
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 12, 2014
Referred to the House Committee on Ways and Means.
Jun 12, 2014
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to exempt from the definition of "passive activity," for purposes of the passive loss tax rules, any qualified research activity carried on by a high technology research small business pass-thru entity.

Defines "high technology research small business pass-thru entity" as any domestic pass-thru entity if: (1) more than 75% of the entity's expenditures are paid or incurred in connection with qualified research, or (2) more than 50% of the entity's expenditures constitute qualified research expenses. Designates a high technology research entity as a small business if such entity has 250 or fewer full-time employees and does not have aggregate gross assets in excess of $150 million.

What's happening now June 12, 2014

Referred to the House Committee on Ways and Means.

 Related & companion bills 3
  • S 1658 Related bill Start-up Jobs and Innovation Act
  • S 2139 Related bill A bill to amend the Internal Revenue Code of 1986 to extend the exclusion for small business stock, to provide incentiv…
  • S 2715 Related bill COMPETE Act of 2014
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 2 Republican 1
D
Larson, John B.
Connecticut · Jul 24, 2014
Schock, Aaron
· Jun 18, 2014
 R
Kelly, Mike
Pennsylvania · Jun 12, 2014
 D
Neal, Richard E.
Massachusetts · Jun 12, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4855: To amend the Internal Revenue Code of 1986 to provide an exception from the passive loss rules for investments in high technology research small business pass-thru entities.. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4855/
MLA
"H.R. 4855: To amend the Internal Revenue Code of 1986 to provide an exception from the passive loss rules for investments in high technology research small business pass-thru entities.." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4855/.
Bluebook (legal)
H.R. 4855, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4855/.
Markdown link
[H.R. 4855: To amend the Internal Revenue Code of 1986 to provide an exception from the passive loss rules for investments in high technology research small business pass-thru entities.](https://openamerica.io/bill/113-HR-4855/)
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