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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.

USA115th CongressHR-5463| House 
| Updated: 4/10/2018
Jacky Rosen

Jacky Rosen

Democratic Representative

Nevada

Cosponsors (2)
Sheila Jackson Lee (Democratic)Bennie G. Thompson (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Apr 10, 2018
Introduced in House
Apr 10, 2018
Referred to the House Committee on Ways and Means.
  • April 10, 2018
    Introduced in House


  • April 10, 2018
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 115-2295: To amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities.
  • S 115-1020: A bill to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities.
Accounting and auditingBanking and financial institutions regulationBusiness investment and capitalBusiness recordsCapital gains taxCorporate finance and managementEmployment taxesFamily relationshipsFinancial services and investmentsIncome tax creditsIncome tax ratesInterest, dividends, interest ratesResearch and developmentSelf-employedSmall businessTax administration and collection, taxpayersTax treatment of familiesWages and earnings

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.

USA115th CongressHR-5463| House 
| Updated: 4/10/2018
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.
View Full Text

Suggested Questions

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Timeline
Apr 10, 2018
Introduced in House
Apr 10, 2018
Referred to the House Committee on Ways and Means.
  • April 10, 2018
    Introduced in House


  • April 10, 2018
    Referred to the House Committee on Ways and Means.
Jacky Rosen

Jacky Rosen

Democratic Representative

Nevada

Cosponsors (2)
Sheila Jackson Lee (Democratic)Bennie G. Thompson (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • HR 115-2295: To amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities.
  • S 115-1020: A bill to amend the Internal Revenue Code of 1986 to provide for the proper tax treatment of personal service income earned in pass-thru entities.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingBanking and financial institutions regulationBusiness investment and capitalBusiness recordsCapital gains taxCorporate finance and managementEmployment taxesFamily relationshipsFinancial services and investmentsIncome tax creditsIncome tax ratesInterest, dividends, interest ratesResearch and developmentSelf-employedSmall businessTax administration and collection, taxpayersTax treatment of familiesWages and earnings