3.0.0 2111 2023-01-13T04:49:18Z 2023-01-13T04:49:18Z Senate S S 2005-12-15 109 ssfi00 Finance Committee Senate Standing Referred to 2005-12-15T22:19:07Z 2005-12-15 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2005-12-15 Sponsor introductory remarks on measure. (CR S13679-13680) IntroReferral B00100 9 Library of Congress 2005-12-15 Introduced in Senate IntroReferral 10000 9 Library of Congress B001233 Sen. Bayh, Evan [D-IN] EVAN BAYH D IN N Taxation Capital gains tax Commerce Depreciation and amortization Employee training Government Operations and Politics Income tax Labor and Employment Minimum tax Pension funds Research and development Science, Technology, Communications Small business Stocks Tax credits Tax deductions Tax exclusion Technological innovations Technology transfer Taxation 00 2005-12-15 Introduced in Senate 2006-01-07T18:42:00Z Small Business Growth Initiative Act of 2005 - Amends the Internal Revenue Code to: (1) allow certain small business employers (with between two and 100 employees) a business tax credit for employee training expenses; (2) double the tax exclusion of gain from the sale or exchange of qualified small business stock and reduce the holding period for such stock from five to three years; (3) exempt such small business stock gain from the alternative minimum tax; (4) extend through 2010 the increased expensing allowance for depreciable business assets; and (5) increase the tax credit for small employer pension startup costs.

Amends the Small Business Act to increase federal agency expenditures under the Small Business Innovation Research program (SBIR) and the Small Business Technology Transfer program (STTR) through FY2011.

]]> Small Business Growth Initiative Act of 2005 Display Title Small Business Growth Initiative Act of 2005 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide a credit for small business employee training expenses, to increase the exclusion of capital gains from small business stocks, to extend expensing for small businesses, and for other purposes. Introduced in Senate IS Short Titles as Introduced Small Business Growth Initiative Act of 2005 Introduced in Senate 2005-12-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s2111is/xml/BILLS-109s2111is.xml 2005-12-15 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.