118th Congress Taxation
H.R. 3937: Small Business Jobs Act
Reported
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Who scored on this bill
- 1Jason Smith SponsorIntroduced, reported2 events+20
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Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the House by Jason Smith.
Show the full action history (6 actions)
- Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-128.
- Placed on the Union Calendar, Calendar No. 100.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 24 - 18.
- Introduced in House
- Referred to the House Committee on Ways and Means.