Creating Tech Startup Jobs Act

Summary

Creating Tech Startup Jobs Act This bill allows several tax credits for a qualified research intensive small business concern, which is a small business that is not over 10 years old, has fewer than 100 employees, and spends at least 30% of its gross expenditures on research or experimental expenditures. For a qualified research intensive small business concern, the bill allows a research intensive investment credit for taxpayers who acquire an equity investment in the business, a research employment credit for a portion of the first-year research wages that the business pays to full-time research employees, and a research expenditure credit for a portion of the research or experimental expenditures of the business. The bill also (1) sets forth a special rule for the inclusion in gross income of partnership interests transferred in connection with the performance of services, and (2) modifies the tax treatment of partners who provide investment management services to partnerships.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 April 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 10 April 2018

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 10 April 2018

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.