H.R. 122 · 113th Congress
Creating Jobs From Innovative Small Businesses Act of 2013
- Stage
- In committee
- Sponsor
- Rush Holt
- Introduced
- 2013-01-03
- Latest action
- 2013-01-03 · Introduced in House
Summary
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.