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Support Small Business R & D Act of 2017

Introduced: March 15, 2017 Introduced by: Coons, Christopher A. Democratic · Delaware See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 2, 2017
Placed on Senate Legislative Calendar under General Orders. Calendar No. 195.
Aug 2, 2017
Committee on Small Business and Entrepreneurship. Reported by Senator Risch without amendment. Without written report.
Aug 2, 2017
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
Mar 15, 2017
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Mar 15, 2017
Introduced in Senate
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Support Small Business R & D Act of 2017

(Sec. 3) This bill requires the Small Business Administration (SBA) to develop partnership agreements to:

  • provide for development of basic training relating to federal income tax credits benefitting small business concerns and startups, especially credits for research and experimentation, and informational materials relating to such credits, including Internal Revenue Service (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.

(Sec. 5) 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 business concerns relating to federal income tax credits, including credits available to: (1) businesses generally; and (2) small business concerns 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 August 2, 2017

Placed on Senate Legislative Calendar under General Orders. Calendar No. 195.

 Committees of jurisdiction 1