Small Business Tax Fairness Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Sep 12, 2013)
Small Business Tax Fairness Act - Amends the Internal Revenue Code to extend through 2014: (1) the 100% exclusion from gross income of gain from the sale of certain small business stock; (2) the increased amount of the tax deduction for business start-up expenses; (3) the reductions of the recognition period for built-in gains of S corporations; and (4) the increased expensing allowance for tangible business assets, including computer software, and real property. Allows a deduction in 2013 for health insurance costs in computing self-employment taxable income.
What just happenedSep 12, 2013
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateSep 12, 2013
- Sep 12, 2013IntroReferral
Read twice and referred to the Committee on Finance.
- Sep 12, 2013IntroReferral10000
Introduced in Senate