3.0.0 2553 2023-01-11T13:15:10Z 2023-01-11T13:15:10Z Senate S S 2008-01-24 110 sssb00 Small Business and Entrepreneurship Committee Senate Standing Hearings by 2008-04-16T22:24:14Z ssfi00 Finance Committee Senate Standing Referred to 2008-01-24T23:03:18Z Small Business Stimulus Act of 2008 110 2552 S 2008-01-24 Read twice and referred to the Committee on Finance. Related bill CRS 2008-04-16 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Hearings held. Committee 2008-01-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2008-01-24 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA 2008-01-25 False L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON 2008-01-28 False Commerce Appropriations Depreciation and amortization Economics and Public Finance Federally-guaranteed loans Fees Finance and Financial Sector Government Operations and Politics Government lending Income tax Losses Minimum tax Small Business Administration Small business Tax deductions Taxation Commerce 00 2008-01-24 Introduced in Senate 2008-02-16T17:14:19Z Small Business Stimulus Act of 2008 - Directs the Administrator of the Small Business Administration (SBA) to reduce in 2008 the rate of certain loan fees imposed under the Small Business Act.

Appropriates, as an emergency requirement, additional funds in FY2008 for: (1) loan subsidies under the SBA Business Loans Program Account; and (2) direct loans and assistance under the SBA Microloan Program.

Amends the Internal Revenue Code to: (1) increase to $200,000 in 2008 the expensing allowance for depreciable business assets; and (2) extend through 2008 the five-year carryback of certain unused net operating losses.

]]> Small Business Stimulus Act of 2008 Display Title Small Business Stimulus Act of 2008 Official Title as Introduced A bill to modify certain fees applicable under the Small Business Act for 2008, to make an emergency appropriation for certain small business programs, and to amend the Internal Revenue Code of 1986 to provide increased expensing for 2008, to provide a 5-year carryback for certain net operating losses, and for other purposes. Introduced in Senate IS Short Titles as Introduced Small Business Stimulus Act of 2008 Introduced in Senate 2008-01-24T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2553is/xml/BILLS-110s2553is.xml 2008-04-16 Committee on Small Business and Entrepreneurship. Hearings held. 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.