To amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments in research intensive small business concerns.
Creating Jobs From Innovative Small Businesses Act of 2015
Amends the Internal Revenue Code to allow a general business tax credit of 20% of the amount paid to acquire an equity investment in a qualified research intensive small business concern. Defines "qualified research intensive small business concern" as a small business concern that employs an average of fewer than 500 employees during a year and devotes at least 50% of its gross expenditures to research and experimentation.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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