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S 3468 114th Congress Senate Commerce Business education Congressional oversight Government information and archives Income tax credits Research and development Small business

A bill to amend the Small Business Act to expand tax credit education and training for small businesses, and for other purposes.

Introduced: September 29, 2016 Introduced by: Coons, Christopher A. Democratic · Delaware 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
Sep 29, 2016
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sep 29, 2016
Introduced in Senate
 Plain-English summary Congressional Research Service

This bill requires the Small Business Administration (SBA), in consultation with the Internal Revenue Service (IRS), to develop partnership agreements to:

  • provide for development of basic training relating to federal income tax credits benefitting small businesses and startups, especially credits for research and experimentation, and informational materials relating to such credits, including IRS guidance documents;
  • provide these basic training and informational materials through electronic resources and at physical locations; and
  • make the materials available to SBA business development programs and business development entities that partner with SBA programs, including universities, nonprofits, business incubators, and business accelerators.

The bill amends the Small Business Act to require SBA development centers to provide, in conjunction with the IRS, informational materials, education, and basic training to small businesses relating to federal income tax credits, including credits available to: (1) businesses generally; and (2) small businesses and startups specifically, especially credits for research and experimentation.

Such materials, education, and basic training may be delivered in person or through an Internet website.
What's happening now September 29, 2016

Read twice and referred to the Committee on Small Business and Entrepreneurship.

 Committees of jurisdiction 1