Small Business Tax Certainty and Growth Act of 2013
Latest action · Jun 3, 2013 Read twice and referred to the Committee on Finance.
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.
- IntroducedJun 3, 2013
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Small Business Tax Certainty and Growth Act of 2013 - 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 the $250,000 allowance for expensing business assets, including computer software; (5) extend for one year the additional depreciation allowance for business assets; and (6) extend through 2014 the 15-year straight-line depreciation allowance for qualified leasehold, restaurant, and retail improvements.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Jun 3, 2013 to Dec 9, 2013, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-PA | Robert P. Casey Jr. | Original | Jun 3, 2013 |
| D-MD | Barbara A. Mikulski | Dec 9, 2013 |
Actions 3
Everything that happened, newest first.
- Jun 3, 2013Introduced in Senate
- Jun 3, 2013Read twice and referred to the Committee on Finance.
- Jun 3, 2013Sponsor introductory remarks on measure. (CR S3908)
Related bills 7
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 947 | Small Business Accounting and Tax Simplification Act | Related bill | Mar 5, 2013 |
| S 1498 | Small Business Tax Fairness Act | Related bill | Sep 12, 2013 |
| S 1737 | Minimum Wage Fairness Act | Related bill | Apr 2, 2014 |
| S 1858 | RBI Act of 2013 | Related bill | Dec 18, 2013 |
| S 2223 | Minimum Wage Fairness Act | Related bill | Apr 30, 2014 |
Subjects
Assigned by the Library of Congress. Policy area: 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
Text 1
Each version as it was printed, newest first.
- Jun 3, 2013Introduced in Senate
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.