To amend the Internal Revenue Code of 1986 to provide tax relief for small businesses.
TABLE OF CONTENTS:
Title I: Incremental Investment Tax Credit for Productive
Property
Title II: Increase in Expensing for Productive Property
Small Business Enhancement Act of 1993 - Title I: Incremental Investment Tax Credit for Productive Property - Amends the Internal Revenue Code to allow small businesses a general investment credit for new productive property which is used as an integral part of manufacturing, production, or extraction, or which is a motor vehicle.
Title II: Increase in Expensing for Productive Property - Increases the deduction limit for expensing such productive property. Makes medium-sized companies eligible for such deduction. Excludes such deduction from the minimum tax.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E203)
Referred to the House Committee on Ways and Means.
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