America's Small Business Tax Relief Act of 2013
Latest action · Feb 28, 2013 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 28, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
America's Small Business Tax Relief Act of 2013 - Amends the Internal Revenue Code to make permanent: (1) the 100% exclusion from gross income of gain from the sale of certain small business stock, (2) carrybacks and alternative minimum tax rules relating to small business tax credits, (3) the reduction in the recognition period for the built-in gains from the sale of S corporation stock, (4) the increased limitation for the expensing of depreciable business assets, (5) the use of the percentage of completion accounting method for long-term contracts, (6) the increased tax deduction for business start-up expenditures, and (7) the allowance of a deduction for health insurance premiums in computing net earnings from self-employment income.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Feb 28, 2013 to Apr 7, 2014, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-WI | Ron Kind | Original | Feb 28, 2013 |
| R-PA | Mike Kelly | Apr 7, 2014 |
Actions 2
Everything that happened, newest first.
- Feb 28, 2013Introduced in House
- Feb 28, 2013Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Accounting and auditing
- Business investment and capital
- Capital gains tax
- Contracts and agency
- Employee benefits and pensions
- Employment taxes
- Financial services and investments
- Health care costs and insurance
- Income tax credits
- Income tax deductions
- Income tax exclusion
- Income tax rates
- Securities
- Self-employed
- Small business
- Taxation
Text 1
Each version as it was printed, newest first.
- Feb 28, 2013Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.