II 

114TH CONGRESS 

2D SESSION S. 3468 

To amend the Small Business Act to expand tax credit education and training 

for small businesses, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 29, 2016 

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 

A BILL 

To amend the Small Business Act to expand tax credit 

education and training for small businesses, 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. DEFINITIONS. 

4 In this Act— 

5 (1) the term ‘‘Administrator’’ means the Ad6 ministrator of the Small Business Administration; 

7 (2) the term ‘‘Commissioner’’ means the Com8 missioner of Internal Revenue; and 


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1 (3) the term ‘‘small business development cen2 ter’’ means a center described in section 21 of the 

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

4 SEC. 2. SBA AND IRS PARTNERSHIPS. 

5 Beginning not later than 180 days after the date of 

6 enactment of this Act, the Administrator, in consultation 

7 with the Commissioner, shall develop partnership agree8 ments that— 

9 (1) provide for the development of— 

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

11 modular training sessions, relating to Federal 

12 income tax credits that benefit small businesses 

13 and startups, especially credits for research and 

14 experimentation; and 

15 (B) informational materials relating to 

16 such credits, including Internal Revenue Service 

17 guidance documents; 

18 (2) provide the basic training and informational 

19 materials developed under paragraph (1)— 

20 (A) through electronic resources, including 

21 Internet-based webinars; and 

22 (B) at physical locations, including small 

23 business development centers; and 

24 (3) make such materials available to— 


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1 (A) business development programs admin2 istered by the Small Business Administration, 

3 including Women’s Business Centers, Veterans 

4 Business Outreach Centers, and U.S. Export 

5 Assistance Centers, and nonprofit research 

6 partners such as SCORE; and 

7 (B) business development entities that 

8 partner with Small Business Administration 

9 programs, including universities, nonprofits, 

10 business incubators, and business accelerators. 

11 SEC. 3. REPORTING REQUIREMENT. 

12 Not later than 180 days after the date of enactment 

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

14 Commissioner, shall submit to Congress a report describ15 ing how the Small Business Administration and the Inter16 nal Revenue Service will— 

17 (1) provide outreach and educational materials 

18 to small businesses, businesses of medium size, and 

19 startups regarding section 41(h) of the Internal Rev20 enue Code of 1986, as amended by section 121 of 

21 the Protecting Americans from Tax Hikes Act of 

22 2015; and 

23 (2) help and encourage tax advisors to educate 

24 such businesses about the important amendments 

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


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1 SEC. 4. SMALL BUSINESS DEVELOPMENT CENTERS. 

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

3 U.S.C. 648(c)(3)) is amended— 

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

5 the end; 

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

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

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

9 ‘‘(U) in conjunction with the Internal Rev10 enue Service, providing informational materials, 

11 education, and basic training— 

12 ‘‘(i) to small businesses relating to 

13 Federal income tax credits available under 

14 the Internal Revenue Code of 1986, includ15 ing— 

16 ‘‘(I) credits available to busi17 nesses generally; and 

18 ‘‘(II) credits available to small 

19 businesses and startups specifically, 

20 especially credits for research and ex21 perimentation; and 

22 ‘‘(ii) which may be delivered— 

23 ‘‘(I) in person; or 

24 ‘‘(II) through an Internet 

25 website.’’. 

Æ 


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