Small Business Development Act of 1993

[AI summary unavailable — showing source text] Small Business Development Act of 1993 - Amends the Internal Revenue Code to increase the limitation on the election to expense certain depreciable business assets. Allows a higher limitation for the first three years of starting a business. Allows individuals a credit for 50 percent of the tax on self-employment income. Repeals the itemized deduction for one-half of such tax.…