A bill to amend the Small Business Act to expand tax credit education and training for small businesses, and for other purposes.

Summary

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 businesses 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 businesses relating to federal income tax credits, including credits available to: (1) businesses generally; and (2) small businesses 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.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 29 September 2016

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 29 September 2016

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 29 September 2016

  Open at official source

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