HR 122 · 113th Congress · Taxation

Creating Jobs From Innovative Small Businesses Act of 2013

Introduced 2013-01-03· Sponsored by Rep. Holt, Rush [D-NJ-12]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2013-01-03)

Plain Language Summary

[AI summary unavailable — showing source text] Creating Jobs From Innovative Small Businesses Act of 2013 - Amends the Internal Revenue Code to allow a general business tax credit of 20% of the amount paid to acquire an equity investment in a qualified high technology small business concern. Defines "qualified high technology small business concern" as a small business concern that employs an average of fewer than 500 employees during a year and devotes at least 50% of its gross expenditures to research and experimentation.…

Summarized by Claude AI · Non-partisan · For informational purposes only