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- H.R.3237
H.R.3237: Small Business Development Act of 1993
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about taxation
- Introduced Oct. 7, 1993
- Latest Major Action Oct. 7, 1993
Bill Sponsor
Bill Cosponsors
7 (1 Democrat, 6 Republicans)
Bill Summary
Small Business Development Act of 1993 - Amends the Internal Revenue Code to increase the limitation on the election to expense certain depreciable business assets. Allows a higher limitation for the first three years of starting a business. Allows individuals a credit for 50 percent of the tax on self-employment income. Repeals the itemized deduction for one-half of such tax.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Oct. 7, 1993 |
Introduced in the House by Henry Bonilla (R-Texas) |