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  • Not enacted
    The President has not signed this bill
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      house Committees
      House Committee on Ways and Means
    IntroducedMarch 4th, 2010

Bill Details

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Creating Jobs From Innovative Small Businesses Act of 2010

Official Title

To amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments in high technology small business concerns.


Creating Jobs From Innovative Small Businesses Act of 2010 - 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 high technology small business concern. Defines "qualified high technology 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.

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