3.0.0 5463 2023-01-11T13:39:53Z 2023-01-11T13:39:53Z House HR 2018-04-10 115 [Congressional Record Volume 164, Number 57 (Tuesday, April 10, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. ROSEN:H.R. 5463.Congress has the power to enact this legislation pursuantto the following:U.S. Constitution, Article 1, Section 8, Clauses 1 and 18.[Page H3096]]]> hswm00 Ways and Means Committee House Standing Referred to 2018-04-10T16:03:10Z Carried Interest Fairness Act of 2017 115 2295 HR 2017-05-02 Referred to the House Committee on Ways and Means. Related bill CRS Carried Interest Fairness Act of 2017 115 1020 S 2017-05-03 Read twice and referred to the Committee on Finance. Related bill CRS 2018-04-10 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-04-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-04-10 Introduced in House IntroReferral 1000 9 Library of Congress R000608 Rep. Rosen, Jacky [D-NV-3] Jacklyn Rosen D NV 3 N T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2018-08-21 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2018-09-17 False Taxation Accounting and auditing Banking and financial institutions regulation Business investment and capital Business records Capital gains tax Corporate finance and management Employment taxes Family relationships Financial services and investments Income tax credits Income tax rates Interest, dividends, interest rates Research and development Self-employed Small business Tax administration and collection, taxpayers Tax treatment of families Wages and earnings Taxation 00 2018-04-10 Introduced in House 2019-04-04T13:46:38Z Creating Tech Startup Jobs Act

This bill allows several tax credits for a qualified research intensive small business concern, which is a small business that is not over 10 years old, has fewer than 100 employees, and spends at least 30% of its gross expenditures on research or experimental expenditures.

For a qualified research intensive small business concern, the bill allows

  • a research intensive investment credit for taxpayers who acquire an equity investment in the business,
  • a research employment credit for a portion of the first-year research wages that the business pays to full-time research employees, and
  • a research expenditure credit for a portion of the research or experimental expenditures of the business.

The bill also (1) sets forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services, and (2) modifies the tax treatment of partners who provide investment management services to partnerships.

]]> Creating Tech Startup Jobs Act Display Title Creating Tech Startup Jobs Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments in research intensive small business concerns, to provide for the proper tax treatment of personal service income earned in pass-thru entities, and for other purposes. Introduced in House IH Short Titles as Introduced Creating Tech Startup Jobs Act Introduced in House 2018-04-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr5463ih/xml/BILLS-115hr5463ih.xml 2018-04-10 Referred to the House Committee on Ways and Means. 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.