H.R. 886: America’s Small Business Tax Relief Act of 2013

Introduced:
Feb 28, 2013 (113th Congress, 2013–2015)
Sponsor:
Rep. Jim Gerlach [R-PA6]
Status:
Referred to Committee

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was assigned to a congressional committee on February 28, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Feb 28, 2013
Referred to Committee Feb 28, 2013
Reported by Committee ...
Passed House ...
Passed Senate ...
Signed by the President ...
Prognosis

2% chance of getting past committee.
0% chance of being enacted.

Only 11% of House bills made it past committee and only 3% were enacted in 2011–2013. [show factors | methodology]

Cosponsors
1 cosponsors (1D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to provide tax relief for small businesses, and for other purposes.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Feb 28, 2013.
7 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/28/2013--Introduced.
America's Small Business Tax Relief Act of 2013 - Amends the Internal Revenue Code to make permanent:
(1) the 100% exclusion from gross income of gain from the sale of certain small business stock,
(2) carrybacks and alternative minimum tax rules relating to small business tax credits,
(3) the reduction in the recognition period for the built-in gains from the sale of S corporation stock,
(4) the increased limitation for the expensing of depreciable business assets,
(5) the use of the percentage of completion accounting method for long-term contracts,
(6) the increased tax deduction for business start-up expenditures, and
(7) the allowance of a deduction for health insurance premiums in computing net earnings from self-employment income.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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