H.R.2133 - Small Business Investment and Promotion Act of 2007110th Congress (2007-2008)
|Sponsor:||Rep. Allen, Thomas H. [D-ME-1] (Introduced 05/03/2007)|
|Committees:||House - Science and Technology; Small Business; Ways and Means|
|Latest Action:||05/08/2007 Referred to the Subcommittee on Technology and Innovation.|
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Summary: H.R.2133 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in House (05/03/2007)
Small Business Investment and Promotion Act of 2007 - Amends the Internal Revenue Code to: (1) provide to small business owners and operators of farming or commercial fishing businesses a temporary credit for excessive fuel costs paid or incurred in the operation of such business; (2) make permanent the credit for increasing research activities; and (3) treat as 15-year property for purposes of the depreciation deduction qualified restaurant property, qualified retail improvement property, and certain systems installed in nonresidential buildings.
Authorizes appropriations for FY2008-FY2009 for: (1) the Advanced Technology Program; (2) the Service Corps of Retired Executives (SCORE); (3) small business development centers; (4) the Manufacturing Extension Partnership program; and (5) the Women's Business Centers program.
Expresses the sense of Congress calling for appropriate funding for the above programs and the Small Business Act's 7(a) loan program.
Amends the Small Business Act to include awards for contracts performed outside the United States within the federal government's small business contracting goal.