Senate Bill 650
115th Congress(2017-2018)
Support Small Business R & D Act of 2017
Introduced
Introduced in Senate on Mar 15, 2017
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
650
Congress
115
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
Summary
Support Small Business R & D Act of 2017
This bill requires the Small Business Administration (SBA), in consultation with the Internal Revenue Service (IRS), to develop partnership agreements to:
- provide for development of basic training relating to federal income tax credits benefitting small business concerns and startups, especially credits for research and experimentation, and informational materials relating to such credits, including IRS guidance documents;
- provide these basic training and informational materials through electronic resources and at physical locations; and
- make the materials available to SBA business development programs and business development entities that partner with SBA programs, including universities, nonprofits, business incubators, and business accelerators.
The bill amends the Small Business Act to require SBA development centers to provide, in conjunction with the IRS, informational materials, education, and basic training to small business concerns relating to federal income tax credits, including credits available to: (1) businesses generally; and (2) small business concerns and startups specifically, especially credits for research and experimentation.
Such materials, education, and basic training may be delivered in person or through an Internet website.08/02/2017
Placed on Senate Legislative Calendar under General Orders. Calendar No. 195.
08/02/2017
Committee on Small Business and Entrepreneurship. Reported by Senator Risch without amendment. Without written report.
08/02/2017
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
03/15/2017
Read twice and referred to the Committee on Small Business and Entrepreneurship.
03/15/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:36:15 PM