Title: Support Small Business R & D Act of 2017
Policy area: Commerce

Summary:
Support Small Business R & D Act of 2017
This bill requires the Small Business Administration (SBA), in consultation with the Internal Revenue Service (IRS), to develop partnership agreements to:
The bill amends the Small Business Act to require SBA development centers to provide, in conjunction with the IRS, informational materials, education, and basic training to small business concerns relating to federal income tax credits, including credits available to: (1) businesses generally; and (2) small business concerns and startups specifically, especially credits for research and experimentation.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 650 Introduced in Senate (IS)]

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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

_______________________________________________________________________

                                 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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Support Small Business R & D Act of 
2017''.

SEC. 2. DEFINITIONS.

    In this Act--
            (1) the term ``Administrator'' means the Administrator of 
        the Small Business Administration;
            (2) the term ``Commissioner'' means the Commissioner of 
        Internal Revenue;
            (3) the term ``small business concern'' has the meaning 
        given the term in section 3 of the Small Business Act (15 
        U.S.C. 632); and
            (4) the term ``small business development center'' means a 
        center described in section 21 of the Small Business Act (15 
        U.S.C. 648).

SEC. 3. SBA AND IRS PARTNERSHIPS.

    Beginning not later than 180 days after the date of enactment of 
this Act, the Administrator, in consultation with the Commissioner, 
shall develop partnership agreements that--
            (1) provide for the development of--
                    (A) basic training, including in-person or modular 
                training sessions, relating to Federal income tax 
                credits that benefit small business concerns and 
                startups, especially credits for research and 
                experimentation; and
                    (B) informational materials relating to such 
                credits, including Internal Revenue Service guidance 
                documents;
            (2) provide the basic training and informational materials 
        developed under paragraph (1)--
                    (A) through electronic resources, including 
                Internet-based webinars; and
                    (B) at physical locations, including small business 
                development centers; and
            (3) make such materials available to--
                    (A) business development programs administered by 
                the Small Business Administration, including women's 
                business centers, Veterans Business Outreach Centers, 
                and U.S. Export Assistance Centers, and nonprofit 
                research partners such as the Service Corps of Retired 
                Executives authorized under section 8(b)(1)(B) of the 
                Small Business Act (15 U.S.C. 637(b)(1)(B)); and
                    (B) business development entities that partner with 
                Small Business Administration programs, including 
                universities, nonprofits, business incubators, and 
                business accelerators.

SEC. 4. REPORTING REQUIREMENT.

    Not later than 180 days after the date of enactment of this Act, 
the Administrator, in consultation with the Commissioner, shall submit 
to Congress a report describing how the Small Business Administration 
and the Internal Revenue Service will--
            (1) provide outreach and educational materials to small 
        business concerns, businesses of medium size, and startups 
        regarding section 41(h) of the Internal Revenue Code of 1986, 
        as amended by section 121 of the Protecting Americans from Tax 
        Hikes Act of 2015; and
            (2) help and encourage tax advisors to educate such 
        businesses about the important amendments made by such Act to 
        section 41 of such Code.

SEC. 5. SMALL BUSINESS DEVELOPMENT CENTERS.

    Section 21(c)(3) of the Small Business Act (15 U.S.C. 648(c)(3)) is 
amended--
            (1) in subparagraph (S), by striking ``and'' at the end;
            (2) in subparagraph (T), by striking the period at the end 
        and inserting ``; and''; and
            (3) by adding at the end the following:
                    ``(U) in conjunction with the Internal Revenue 
                Service, providing informational materials, education, 
                and basic training--
                            ``(i) to small business concerns relating 
                        to Federal income tax credits available under 
                        the Internal Revenue Code of 1986, including--
                                    ``(I) credits available to 
                                businesses generally; and
                                    ``(II) credits available to small 
                                business concerns and startups 
                                specifically, especially credits for 
                                research and experimentation; and
                            ``(ii) which may be delivered--
                                    ``(I) in person; or
                                    ``(II) through an Internet 
                                website.''.
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