3.0.0 1141 2023-01-11T13:27:18Z 2023-01-11T13:27:18Z Senate S 2015-04-30 114 ssfi00 Finance Committee Senate Standing Referred to 2015-04-30T15:30:41Z Promote Startups Act of 2015 114 4068 HR 2015-11-18 Referred to the House Committee on Ways and Means. Related bill CRS 2015-04-30 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2571-2572) IntroReferral 2015-04-30 Introduced in Senate IntroReferral 10000 9 Library of Congress C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. N C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2015-04-30 True A000368 Sen. Ayotte, Kelly [R-NH] Kelly Ayotte R NH 2015-05-12 False S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2015-12-17 False Taxation Accounting and auditing Business investment and capital Contracts and agency Corporate finance and management Disaster relief and insurance Economic performance and conditions Food industry and services Income tax deductions Inflation and prices Public contracts and procurement Retail and wholesale trades Small business Tax administration and collection, taxpayers Tax reform and tax simplification Taxation 00 2015-04-30 Introduced in Senate 2015-06-05T18:33:20Z Small Business Tax Certainty and Growth Act of 2015

Expresses the sense of the Senate that Congress should undertake comprehensive tax reform to make the tax system fairer and simpler and to promote economic growth.

Amends the Internal Revenue Code to: (1) make permanent the increased tax deductions for business start-up expenditures, organizational expenditures, and organization and syndication fees; (2) allow the cash accounting method for businesses whose gross receipts do not exceed $10 million (currently, $5 million); (3) exempt businesses whose gross receipts do not exceed $10 million from the requirement to use inventories; (4) make permanent a $500,000 allowance for expensing business assets, including computer software; (5) extend for one year the additional depreciation allowance for business assets (bonus depreciation); and (6) make permanent the 15-year straight-line depreciation allowance for qualified leasehold improvement, restaurant, and retail improvement property.

]]> Small Business Tax Certainty and Growth Act of 2015 Display Title Small Business Tax Certainty and Growth Act of 2015 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide tax incentives for small businesses. Introduced in Senate IS Short Titles as Introduced Small Business Tax Certainty and Growth Act of 2015 Introduced in Senate 2015-04-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1141is/xml/BILLS-114s1141is.xml 2015-04-30 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2571-2572) 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.