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HR 3937 118th Congress House Taxation Administrative law and regulatory procedures Business investment and capital Capital gains tax Inflation and prices Internal Revenue Service (IRS) Rural conditions and development Securities Small business Tax administration and collection, taxpayers

Small Business Jobs Act

Introduced: June 9, 2023 Introduced by: Smith, Jason Republican · Missouri See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 30, 2023
Placed on the Union Calendar, Calendar No. 100.
Jun 30, 2023
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-128.
Jun 13, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 24 - 18.
Jun 13, 2023
Committee Consideration and Mark-up Session Held
Jun 9, 2023
Introduced in House
Jun 9, 2023
Referred to the House Committee on Ways and Means.
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 Plain-English summary Congressional Research Service

Small Business Jobs Act

This bill provides tax incentives for investment in small businesses. Among other provisions, the bill

  • increases from $600 to $5,000 (adjusted annually for inflation) the general reporting threshold for services performed by an independent contractor or subcontractor,
  • restores reporting requirements for third party network transactions,
  • modifies the exclusion of gain from the sale of qualified small business stock,
  • increases the ceiling for expensing of depreciable business assets,
  • establishes rural opportunity zones, and
  • reinstates reporting requirements for qualified opportunity zones and applies such requirements to qualified rural opportunity zones.
What's happening now June 30, 2023

Placed on the Union Calendar, Calendar No. 100.

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 6

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3937: Small Business Jobs Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3937/
MLA
"H.R. 3937: Small Business Jobs Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3937/.
Bluebook (legal)
H.R. 3937, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3937/.
Markdown link
[H.R. 3937: Small Business Jobs Act](https://openamerica.io/bill/118-HR-3937/)
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