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; 1 is an original cosponsor, there from 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 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Jun 3, 2013 |
Actions 3
Everything that happened, newest first.
- Jun 3, 2013Introduced in Senate
- Jun 3, 2013Sponsor introductory remarks on measure. (CR S3908)
- Jun 3, 2013Read twice and referred to the Committee on Finance.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S784–S786 | Robert P. Casey Jr. D-PA, Susan M. Collins R-ME | Feb 6, 2014 |
| Senate | Debate and remarks S3908 | Susan M. Collins R-ME | Jun 3, 2013 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 2
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 2
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44002 | Cash Versus Accrual Accounting: Tax Policy Considerations Archived | Report | Apr 24, 2015 |
| R43811 | Cash Versus Accrual Basis of Accounting: An Introduction Archived | Report | Dec 12, 2014 |
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 |
| HR 3948 | To amend the Internal Revenue Code of 1986 to extend for one year the 15-year straight-line cost recovery for qualified leasehold improvements, qualified restaurant buildings and improvements, and qualified retail improvements. | Related bill | Jan 28, 2014 |
| HR 4019 | Small Business Investment Act of 2014 | Related bill | Feb 6, 2014 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to provide tax incentives for small businesses.
- Short Titles as Introduced
- Small Business Tax Certainty and Growth Act of 2013
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
