3.0.0 5864 2023-01-11T13:21:53Z 2023-01-11T13:21:53Z House H HR 2010-07-26 111 hswm00 Ways and Means Committee House Standing Referred to 2010-07-26T16:31:42Z 2010-07-26 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2010-07-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-07-26 Introduced in House IntroReferral 1000 9 Library of Congress S001169 Rep. Sestak, Joe [D-PA-7] Joe Sestak D PA 7 N Taxation Business investment and capital Financial services and investments Health technology, devices, supplies Income tax credits Manufacturing Minority and disadvantaged businesses Small business Women in business Taxation 00 2010-07-26 Introduced in House 2010-09-15T14:06:24Z Small Business Innovation through Investment Act of 2010 - Amends the Internal Revenue Code to allow a new business-related tax credit for 30% of the equity investment in a small business concern. Allows a maximum credit of $500,000, but reduces such amount by so much of $250,000 that is not an investment in a manufacturing or biotechnology small business concern, a minority and women-owned small business, or a qualified HUBzone (historically underutilized business zone) small business concern. Terminates such credit after 2016.

Requires the Secretary of the Treasury to provide to the Administrator of the Small Business Administration (SBA) any data on the implementation and use of the equity investment in small business tax credit that is requested by the Administrator for analysis purposes. Requires the Administrator to report to Congress annually on the implementation and use of such tax credit.

]]> Small Business Innovation through Investment Act of 2010 Display Title Small Business Innovation through Investment Act of 2010 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow a credit against income tax for qualified equity investments in certain small businesses, and for other purposes. Introduced in House IH Short Titles as Introduced Small Business Innovation through Investment Act of 2010 Introduced in House 2010-07-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr5864ih/xml/BILLS-111hr5864ih.xml 2010-07-26 Referred to the House Committee on Ways and Means. 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.