3.0.0 2139 2023-01-11T13:26:45Z 2023-01-11T13:26:45Z Senate S S 2014-03-13 113 ssfi00 Finance Committee Senate Standing Referred to 2014-03-13T21:46:44Z To amend the Internal Revenue Code of 1986 to provide an exception from the passive loss rules for investments in high technology research small business pass-thru entities. 113 4855 HR 2014-06-12 Referred to the House Committee on Ways and Means. Related bill CRS Start-up Jobs and Innovation Act 113 1658 S 2013-11-06 Read twice and referred to the Committee on Finance. Related bill CRS COMPETE Act of 2014 113 2715 S 2014-07-31 Read twice and referred to the Committee on Finance. Related bill CRS 2014-03-13 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2014-03-13 Introduced in Senate IntroReferral 10000 9 Library of Congress M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ N T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. 2014-03-13 True Taxation Accounting and auditing Advanced technology and technological innovations Business investment and capital Capital gains tax Income tax credits Income tax deductions Income tax exclusion Inflation and prices Research and development Securities Small business Tax administration and collection, taxpayers Taxation 00 2014-03-13 Introduced in Senate 2014-05-14T22:10:22Z Amends the Internal Revenue Code to: (1) make permanent the tax exclusion of gain from the sale or exchange of small business stock; and (2) exempt from the definition of "passive activity," for purposes of the passive loss tax rules, any qualified research activity carried on by a high technology research small business pass-thru entity.

Defines "high technology research small business pass-thru entity" as any domestic pass-thru entity if: (1) more than 75% of the entity's expenditures are paid or incurred in connection with qualified research, or (2) more than 50% of the entity's expenditures constitute qualified research expenses. Designates a high technology research entity as a small business if such entity has 250 or fewer full-time employees and does not have aggregate gross assets in excess of $150 million.

]]> A bill to amend the Internal Revenue Code of 1986 to extend the exclusion for small business stock, to provide incentives for small business high technology research investment, and for other purposes. Display Title A bill to amend the Internal Revenue Code of 1986 to extend the exclusion for small business stock, to provide incentives for small business high technology research investment, and for other purposes. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to extend the exclusion for small business stock, to provide incentives for small business high technology research investment, and for other purposes. Introduced in Senate IS Introduced in Senate 2014-03-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2139is/xml/BILLS-113s2139is.xml 2014-03-13 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.