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- S.3460
S.3460: Startup Innovation Credit Act of 2012
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced July 31, 2012
- Latest Major Action July 31, 2012
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (2 Democrats, 4 Republicans)
Bill Summary
Startup Innovation Credit Act of 2012 - Amends the Internal Revenue Code to allow a qualified small business, other than a tax-exempt organization, to use a portion of its tax credit for increasing research expenditures as an offset against its payroll tax liability under the Federal Insurance Contributions Act (FICA). Defines "qualified small business" as a corporation, partnership, or S corporation if the gross receipts of such entity for...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| July 31, 2012 |
Introduced in the Senate by Christopher A. Coons (D-Del.) |