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HR 886 113th Congress House Taxation Accounting and auditing Business investment and capital Capital gains tax Contracts and agency Employee benefits and pensions Employment taxes Financial services and investments Health care costs and insurance Income tax credits Income tax deductions Income tax exclusion Income tax rates Securities Self-employed Small business

America's Small Business Tax Relief Act of 2013

Introduced: February 28, 2013 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 2013
Referred to the House Committee on Ways and Means.
Feb 28, 2013
Introduced in House
 Plain-English summary Congressional Research Service

America's Small Business Tax Relief Act of 2013 - Amends the Internal Revenue Code to make permanent: (1) the 100% exclusion from gross income of gain from the sale of certain small business stock, (2) carrybacks and alternative minimum tax rules relating to small business tax credits, (3) the reduction in the recognition period for the built-in gains from the sale of S corporation stock, (4) the increased limitation for the expensing of depreciable business assets, (5) the use of the percentage of completion accounting method for long-term contracts, (6) the increased tax deduction for business start-up expenditures, and (7) the allowance of a deduction for health insurance premiums in computing net earnings from self-employment income.

What's happening now February 28, 2013

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1