H.R. 256 · 114th Congress
Creating Jobs From Innovative Small Businesses Act of 2015
- Stage
- In committee
- Sponsor
- Mike Honda
- Introduced
- 2015-01-09
- Latest action
- 2015-01-09 · Introduced in House
Summary
Creating Jobs From Innovative Small Businesses Act of 2015
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 research intensive small business concern. Defines "qualified research intensive 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.