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H.R. 947 113th Congress House

Small Business Accounting and Tax Simplification Act

Official title: To amend the Internal Revenue Code of 1986 to expand the availability of the cash method of accounting for small businesses, and for other purposes.

Introduced: March 5, 2013 See on congress.gov
Taxation Accounting and auditingSmall businessTax administration and collection, taxpayers
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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
Mar 5, 2013
Referred to the House Committee on Ways and Means.
Mar 5, 2013
Introduced in House
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 Latest action March 5, 2013

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Small Business Accounting and Tax Simplification Act - Amends the Internal Revenue Code to exempt certain small business taxpayers from the requirements of using the accrual method of accounting and of using inventories. Allows such taxpayers to use a cash method of accounting if they meet the gross receipts test and are not engaged in farming as a corporation. Increases the amount of the gross receipts test to $10 million (currently, $5 million) and permits an annual inflation adjustment of that amount.

 Related & companion bills 1
  • S 1085 Small Business Tax Certainty and Growth Act of 2013
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Thompson, Mike
California · Mar 5, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 947: Small Business Accounting and Tax Simplification Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-947/
MLA
"H.R. 947: Small Business Accounting and Tax Simplification Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-947/.
Bluebook (legal)
H.R. 947, 113th Cong. (2026), https://openamerica.io/bill/113-HR-947/.
Markdown link
[H.R. 947: Small Business Accounting and Tax Simplification Act](https://openamerica.io/bill/113-HR-947/)
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