Skip to main content
HR 947 113th Congress House Taxation Accounting and auditing Small business Tax administration and collection, taxpayers

Small Business Accounting and Tax Simplification Act

Introduced: March 5, 2013 See on congress.gov
Sign in to write a letter Sign in to watch
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
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 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.

What's happening now March 5, 2013

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 1085 Related bill 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/)
Report a problem