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S. 1498

Small Business Tax Fairness Act

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.

Read twice and referred to the Committee on Finance.

Sen. Landrieu, Mary L. [D-LA](D-LA)Sponsor
1committees2actions5related bills12subjects
  • Introduced in SenateSep 12, 2013
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

  2. IntroReferral10000

    Introduced in Senate

Small Business Tax Fairness Act — Informed