3.0.0 341 2023-01-11T13:28:24Z 2023-01-11T13:28:24Z Senate S 2015-02-03 114 ssfi00 Finance Committee Senate Standing Referred to 2015-02-03T16:37:59Z PARTNER Act 114 2179 HR 2015-04-30 Referred to the House Committee on Ways and Means. Related bill CRS 2015-02-03 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2015-02-03 Introduced in Senate IntroReferral 10000 9 Library of Congress T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. N M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2015-02-03 True R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2015-02-03 True C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2015-02-03 True Taxation Accounting and auditing Advanced technology and technological innovations Business investment and capital Capital gains tax Computers and information technology Corporate finance and management 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 2015-02-03 Introduced in Senate 2015-03-24T21:45:44Z Start-up Jobs and Innovation Act

Amends the Internal Revenue Code to: (1) make permanent the increase to $500,000 of the expensing allowance for business assets, including computer software, and the treatment of qualified real property as depreciable business property; (2) make permanent the 100% exclusion from gross income of gain from the sale or exchange of small business stock; (3) increase and equalize the tax deduction for business start-up expenses and organizational expenditures; (4) increase from $5 million to $10 million the gross receipt test used to determine the eligibility of small businesses to use simplified cash accounting and inventory rules; and (5) exempt from passive loss rules any research activity carried on by a high technology research small business pass-thru entity.

]]> Start-up Jobs and Innovation Act Display Title Start-up Jobs and Innovation Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to make permanent certain small business tax provisions, and for other purposes. Introduced in Senate IS Short Titles as Introduced Start-up Jobs and Innovation Act Introduced in Senate 2015-02-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s341is/xml/BILLS-114s341is.xml 2015-02-03 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.