A bill to amend the Internal Revenue Code of 1986 to provide an exception from the passive loss rules for investments in high technology research small business pass-thru entities.

Summary

Amends the Internal Revenue Code to exempt from passive loss rules any activity of a taxpayer carried on by a high technology research small business pass-thru entity. Defines "high technology research small business pass-thru entity" as any domestic pass-thru entity that: (1) spends a specified percentage of its income on research, (2) is a small business with 250 or fewer employees, and (3) does not have aggregate gross receipts in excess of $150 million.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 20 September 2012

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 20 September 2012

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 20 September 2012

  Open at official source

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