3.0.0 3460 2023-01-11T13:23:06Z 2023-01-11T13:23:06Z Senate S S 2012-07-31 112 ssfi00 Finance Committee Senate Standing Referred to 2012-07-31T18:32:00Z 112 6319 HR 2012-08-02 Referred to the House Committee on Ways and Means. Identical bill CRS 2012-07-31 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2012-07-31 Sponsor introductory remarks on measure. (CR S5735) IntroReferral B00100 9 Library of Congress 2012-07-31 Introduced in Senate IntroReferral 10000 9 Library of Congress C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. N E000285 Sen. Enzi, Michael B. [R-WY] MICHAEL ENZI R WY B. 2012-07-31 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2012-07-31 True R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2012-07-31 True S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2012-11-13 False B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2012-12-12 False S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2012-12-28 False Taxation Employment taxes Government trust funds Income tax credits Research and development Small business Social security and elderly assistance Taxation

00 2012-07-31 Introduced in Senate 2012-09-07T19:09:48Z Startup Innovation Credit Act of 2012 - Amends the Internal Revenue Code to allow a qualified small business, other than a tax-exempt organization, to use a portion of its tax credit for increasing research expenditures as an offset against its payroll tax liability under the Federal Insurance Contributions Act (FICA).  Defines "qualified small business" as a corporation, partnership, or S corporation if the gross receipts of such entity for the taxable year are less than $5 million and such entity did not have gross receipts for any period preceding the 5-year period ending with such taxable year. Limits the amount of the payroll tax credit portion to $250,000 in any taxable year.

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Display Title Official Title as Introduced Introduced in Senate IS Short Titles as Introduced Introduced in Senate 2012-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3460is/xml/BILLS-112s3460is.xml 2012-07-31 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.