HR 3937 · 118th Congress · Taxation

Small Business Jobs Act

Introduced 2023-06-09· Sponsored by Rep. Smith, Jason [R-MO-8]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 100.(2023-06-30)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Jobs Act This bill provides tax incentives for investment in small businesses. Among other provisions, the bill increases from $600 to $5,000 (adjusted annually for inflation) the general reporting threshold for services performed by an independent contractor or subcontractor, restores reporting requirements for third party network transactions, modifies the exclusion of gain from the sale of qualified small business stock, increases the ceiling for expensing of depreciable business assets, establishes rural opportunity zones, and reinstates reporting requirements for qualified opportunity zones and applies such requirements to qualified rural opportunity zones.…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 3937, Small Business Jobs Act

Jun 30, 2023

As ordered reported by the House Committee on Ways and Means on June 13, 2023

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office