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.