{"bill":{"id":"118-hr-3937","congress":118,"type":"HR","number":3937,"title":"Small Business Jobs Act","originChamber":"House","introducedDate":"2023-06-09","sponsors":[{"bioguideId":"S001195","fullName":"Rep. Smith, Jason [R-MO-8]","party":"R","state":"MO","district":8}],"cosponsorsCount":0,"latestAction":{"actionDate":"2023-06-30","text":"Placed on the Union Calendar, Calendar No. 100."},"policyArea":"Taxation","subjects":["Administrative law and regulatory procedures","Business investment and capital","Capital gains tax","Inflation and prices","Internal Revenue Service (IRS)","Rural conditions and development","Securities","Small business","Tax administration and collection, taxpayers"],"actions":[{"date":"2023-06-30","text":"Placed on the Union Calendar, Calendar No. 100.","type":"Calendars","chamber":"House floor actions","hasVote":false},{"date":"2023-06-30","text":"Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-128.","type":"Committee","chamber":"House floor actions","hasVote":false},{"date":"2023-06-30","text":"Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-128.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2023-06-13","text":"Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 24 - 18.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2023-06-13","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2023-06-09","text":"Referred to the House Committee on Ways and Means.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2023-06-09","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2023-06-09","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":" <p><strong>Small Business Jobs Act</strong></p> <p>This bill provides tax incentives for investment in small businesses. Among other provisions, the bill </p> <ul> <li>increases from $600 to $5,000 (adjusted annually for inflation) the general reporting threshold for services performed by an independent contractor or subcontractor, </li> <li>restores reporting requirements for third party network transactions, </li> <li>modifies the exclusion of gain from the sale of qualified small business stock, </li> <li>increases the ceiling for expensing of depreciable business assets,</li> <li>establishes rural opportunity zones, and</li> <li>reinstates reporting requirements for qualified opportunity zones and applies such requirements to qualified rural opportunity zones.</li> </ul>","updateDate":"2025-05-27T14:15:41Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":603,"ts":"2026-04-15T06:17:56.265Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=Small%20Business%20Jobs%20Act"}]}}