3.0.0 3291 2023-01-11T13:33:35Z 2023-01-11T13:33:35Z Senate S 2016-09-07 114 ssfi00 Finance Committee Senate Standing Referred to 2016-09-07T16:01:27Z Bringing Business Back Act of 2016 114 3354 S 2016-09-20 Read twice and referred to the Committee on Finance. Related bill CRS Death Tax Repeal Act of 2015 114 1105 HR 2015-04-20 Received in the Senate. Related bill CRS Small Business Regulatory Sunset Act of 2015 114 3328 HR 2015-09-08 Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. Related bill CRS Excellence in Medicare Act 114 4589 HR 2016-02-26 Referred to the Subcommittee on Health. Related bill CRS Help Efficient, Accessible, Low-cost, Timely Healthcare (HEALTH) Act of 2016 114 4771 HR 2016-03-22 Committee Consideration and Mark-up Session Held. Related bill CRS Small Business Regulatory Sunset Act of 2015 114 846 S 2015-03-24 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. Related bill CRS Death Tax Repeal Act of 2015 114 860 S 2015-03-25 Read twice and referred to the Committee on Finance. Related bill CRS 2016-09-07 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2016-09-07 Introduced in Senate IntroReferral 10000 9 Library of Congress K000360 Sen. Kirk, Mark Steven [R-IL] MARK KIRK R IL STEVEN N Taxation Taxation 00 2016-09-07 Introduced in Senate 2017-04-03T15:54:32Z Small Business Bill of Rights

This bill modifies tax provisions, regulatory requirements, and legal procedures that affect small businesses.

Bringing Business Back Act of 2016

The bill amends the Internal Revenue Code to allow a tax exclusion for certain income attributable to real property in areas that meet criteria regarding unemployment, poverty, or other signs of distress.

The bill temporarily reduces the capital gains tax on certain small business stock, increases the deduction for start-up expenditures, and exempts small businesses from tax increases.

Federal agencies must review existing and proposed regulations that affect small businesses using specified criteria. Certain new small business regulations must expire after seven years, unless they are renewed.

Death Tax Repeal Act of 2016

The bill repeals the estate and generation-skipping transfer taxes and makes permanent the maximum 35% gift tax rate and the lifetime gift tax exemption. It also extends or makes permanent several tax credits and deductions related to energy efficiency.

With respect to the legal process, the bill establishes requirements and limitations for lawsuits arising from health care liability claims regarding health care goods or services or any medical product affecting interstate commerce.

The bill amends the Illegal Immigration Reform and Immigrant Responsibility Act of 1996 to permit verifications under the E-Verify program to be provided by telephone.

The bill amends the Small Business Act to modify policies regarding goals for participation of small businesses in procurement contracts and the bundling of contracts.

It also establishes criminal penalties for making false statements regarding status as a small business concern or compliance with the Small Business Act to obtain, retain, or complete a federal contract.

]]> Small Business Bill of Rights Display Title Small Business Bill of Rights Short Titles as Introduced Small Business Bill of Rights Short Titles as Introduced for portions of this bill Death Tax Repeal Act of 2016 Short Titles as Introduced for portions of this bill Bringing Business Back Act of 2016 Official Title as Introduced A bill to establish tax, regulatory, and legal structure in the United States that encourages small businesses to expand and innovate, and for other purposes. Introduced in Senate 2016-09-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s3291is/xml/BILLS-114s3291is.xml 2016-09-07 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.