II 

Calendar No. 195 

115TH CONGRESS 

1ST SESSION S. 650 

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. 

IN THE SENATE OF THE UNITED STATES 

MARCH 15, 2017 

Mr. COONS (for himself and Mr. ROBERTS) introduced the following bill; 

which was read twice and referred to the Committee on Small Business 

and Entrepreneurship 

AUGUST 2, 2017 

Reported by Mr. RISCH, without amendment 

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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Support Small Busi5 ness R & D Act of 2017’’. 


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1 SEC. 2. DEFINITIONS. 

2 In this Act— 

3 (1) the term ‘‘Administrator’’ means the Ad4 ministrator of the Small Business Administration; 

5 (2) the term ‘‘Commissioner’’ means the Com6 missioner of Internal Revenue; 

7 (3) the term ‘‘small business concern’’ has the 

8 meaning given the term in section 3 of the Small 

9 Business Act (15 U.S.C. 632); and 

10 (4) the term ‘‘small business development cen11 ter’’ means a center described in section 21 of the 

12 Small Business Act (15 U.S.C. 648). 

13 SEC. 3. SBA AND IRS PARTNERSHIPS. 

14 Beginning not later than 180 days after the date of 

15 enactment of this Act, the Administrator, in consultation 

16 with the Commissioner, shall develop partnership agree17 ments that— 

18 (1) provide for the development of— 

19 (A) basic training, including in-person or 

20 modular training sessions, relating to Federal 

21 income tax credits that benefit small business 

22 concerns and startups, especially credits for re23 search and experimentation; and 

24 (B) informational materials relating to 

25 such credits, including Internal Revenue Service 

26 guidance documents; 


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1 (2) provide the basic training and informational 

2 materials developed under paragraph (1)— 

3 (A) through electronic resources, including 

4 Internet-based webinars; and 

5 (B) at physical locations, including small 

6 business development centers; and 

7 (3) make such materials available to— 

8 (A) business development programs admin9 istered by the Small Business Administration, 

10 including women’s business centers, Veterans 

11 Business Outreach Centers, and U.S. Export 

12 Assistance Centers, and nonprofit research 

13 partners such as the Service Corps of Retired 

14 Executives authorized under section 8(b)(1)(B) 

15 of the Small Business Act (15 U.S.C. 

16 637(b)(1)(B)); and 

17 (B) business development entities that 

18 partner with Small Business Administration 

19 programs, including universities, nonprofits, 

20 business incubators, and business accelerators. 

21 SEC. 4. REPORTING REQUIREMENT. 

22 Not later than 180 days after the date of enactment 

23 of this Act, the Administrator, in consultation with the 

24 Commissioner, shall submit to Congress a report describVerDate Sep 11 2014 22:14 Aug 02, 2017 Jkt 069200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S650.RS S650

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1 ing how the Small Business Administration and the Inter2 nal Revenue Service will— 

3 (1) provide outreach and educational materials 

4 to small business concerns, businesses of medium 

5 size, and startups regarding section 41(h) of the In6 ternal Revenue Code of 1986, as amended by section 

7 121 of the Protecting Americans from Tax Hikes 

8 Act of 2015; and 

9 (2) help and encourage tax advisors to educate 

10 such businesses about the important amendments 

11 made by such Act to section 41 of such Code. 

12 SEC. 5. SMALL BUSINESS DEVELOPMENT CENTERS. 

13 Section 21(c)(3) of the Small Business Act (15 

14 U.S.C. 648(c)(3)) is amended— 

15 (1) in subparagraph (S), by striking ‘‘and’’ at 

16 the end; 

17 (2) in subparagraph (T), by striking the period 

18 at the end and inserting ‘‘; and’’; and 

19 (3) by adding at the end the following: 

20 ‘‘(U) in conjunction with the Internal Rev21 enue Service, providing informational materials, 

22 education, and basic training— 

23 ‘‘(i) to small business concerns relat24 ing to Federal income tax credits available 


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1 under the Internal Revenue Code of 1986, 

2 including— 

3 ‘‘(I) credits available to busi4 nesses generally; and 

5 ‘‘(II) credits available to small 

6 business concerns and startups spe7 cifically, especially credits for research 

8 and experimentation; and 

9 ‘‘(ii) which may be delivered— 

10 ‘‘(I) in person; or 

11 ‘‘(II) through an Internet 

12 website.’’. 


sradovich on DSKBBV9HB2PROD with BILLS
Calendar No. 195 

115TH CONGRESS 

1ST SESSION S. 650 

A BILL 

To amend the Small Business Act to expand tax 

other purposes. that engage in research and development, and for credit education and training for small businesses 

AUGUST 2, 2017 

Reported without amendment 


sradovich on DSKBBV9HB2PROD with BILLS