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

Feb 28, 2013
Referred to Committee on Feb 28, 2013
0% chance of being enacted
Track this bill

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.

Feb 28, 2013
Reported by Committee
Passed House
Passed Senate
Signed by the President
Jim Gerlach
Representative for Pennsylvania's 6th congressional district
Read Text »
Last Updated
Feb 28, 2013
7 pages
Related Bills
H.R. 6102 (112th) was a previous version of this bill.

Referred to Committee
Last Action: Jul 11, 2012

Full Title

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


No summaries available.


3% chance of getting past committee.
0% chance of being enacted.

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

2 cosponsors (1D, 1R) (show)

House Ways and Means

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

Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.


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H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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

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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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