3.0.0 256 2023-01-11T13:20:30Z 2023-01-11T13:20:30Z Senate S S 2011-02-02 112 ssfi00 Finance Committee Senate Standing Referred to 2011-02-02T20:36:14Z Jobs Creation Act 112 1960 S 2011-12-07 Read twice and referred to the Committee on Finance. Related bill CRS 2011-02-02 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2011-02-02 Sponsor introductory remarks on measure. (CR S483) IntroReferral B00100 9 Library of Congress 2011-02-02 Introduced in Senate IntroReferral 10000 9 Library of Congress P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford N B001268 Sen. Brown, Scott P. [R-MA] Scott Brown R MA P. 2011-02-16 False G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2011-09-06 False Taxation Advanced technology and technological innovations Business investment and capital Congressional oversight Income tax credits Manufacturing Securities Small business Taxation 00 2011-02-02 Introduced in Senate 2011-03-12T17:02:14Z American Opportunity Act of 2011 - Amends the Internal Revenue Code to allow a tax credit for 25% of a qualified equity investment in a qualified small business entity. Defines "qualified small business entity" as a domestic corporation or partnership that: (1) is a small business headquarted in the United States, (2) is engaged in a high technology trade or business, (3) has been in existence for less than five years as of the date of the qualified equity investment, and (4) employs less than 100 full-time employees, more than 50% of whom perform substantially all of their services in the United States. Limits the dollar amount of such credit to $500 million for each of calendar years 2011 through 2015.

Requires: (1) the Secretary of the Treasury to prescribe regulations on the allocations of such credit to a small business entity, and (2) the Comptroller General to audit the investment tax credit program.

]]> American Opportunity Act of 2011 Display Title American Opportunity Act of 2011 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments in small business concerns. Introduced in Senate IS Short Titles as Introduced American Opportunity Act of 2011 Introduced in Senate 2011-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s256is/xml/BILLS-112s256is.xml 2011-02-02 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.