A bill to amend the Small Business Act to expand tax credit education and training for small businesses that engage in research and development, and for other purposes.
About This Bill
Committee
Latest Action · February 13, 2020
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Support Small Business R & D Act of 2020
This bill requires the Small Business Administration (SBA) to provide resources to small businesses relating to available federal income tax credits.
Specifically, the bill requires the SBA, in consultation with the Internal Revenue Service, to provide and make available, both in-person and online, training and information about federal income tax credits that benefit small businesses and startups. This training and information shall have a particular focus on credits for research and experimentation.
In addition, the bill requires small business development centers to provide such training and information as part of the services they render to small businesses and startups.
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