H.R.3237 - Small Business Development Act of 1993103rd Congress (1993-1994)
|Sponsor:||Rep. Bonilla, Henry [R-TX-23] (Introduced 10/07/1993)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 10/07/1993 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3237 — 103rd Congress (1993-1994)All Information (Except Text)
Introduced in House (10/07/1993)
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.