Summary: H.R.3237 — 103rd Congress (1993-1994)All Information (Except Text)

There is one summary for H.R.3237. Bill summaries are authored by CRS.

Shown Here:
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.