HR 5463
115th Congress
House
Taxation
Accounting and auditing
Banking and financial institutions regulation
Business investment and capital
Business records
Capital gains tax
Corporate finance and management
Employment taxes
Family relationships
Financial services and investments
Income tax credits
Income tax rates
Interest, dividends, interest rates
Research and development
Self-employed
Small business
Tax administration and collection, taxpayers
Tax treatment of families
Wages and earnings
Creating Tech Startup Jobs Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 10, 2018
Referred to the House Committee on Ways and Means.
Apr 10, 2018
Introduced in House
Plain-English summary
Creating Tech Startup Jobs Act
This bill allows several tax credits for a qualified research intensive small business concern, which is a small business that is not over 10 years old, has fewer than 100 employees, and spends at least 30% of its gross expenditures on research or experimental expenditures.
For a qualified research intensive small business concern, the bill allows
- a research intensive investment credit for taxpayers who acquire an equity investment in the business,
- a research employment credit for a portion of the first-year research wages that the business pays to full-time research employees, and
- a research expenditure credit for a portion of the research or experimental expenditures of the business.
The bill also (1) sets forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services, and (2) modifies the tax treatment of partners who provide investment management services to partnerships.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1