Title: Support Small Business R & D Act of 2020
Policy area: Commerce

Summary:
Support Small Business R & D Act of 2020
This bill requires the Small Business Administration (SBA) to provide resources to small businesses relating to available federal income tax credits.
Specifically, the bill requires the SBA, in consultation with the Internal Revenue Service, to provide and make available, both in-person and online, training and information about federal income tax credits that benefit small businesses and startups. This training and information shall have a particular focus on credits for research and experimentation.
In addition, the bill requires small business development centers to provide such training and information as part of the services they render to small businesses and startups.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 3291 Introduced in Senate (IS)]

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116th CONGRESS
  2d Session
                                S. 3291

  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

                           February 13, 2020

Mr. Roberts (for himself and Mr. Coons) 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 
2020''.

SEC. 2. DEFINITIONS.

    In this Act--
            (1) the terms ``Administration'' and ``Administrator'' mean 
        the Small Business Administration and the Administrator 
        thereof, respectively;
            (2) the term ``Commissioner'' means the Commissioner of 
        Internal Revenue;
            (3) the term ``Export Assistance Center'' has the meaning 
        given the term in section 22 of the Small Business Act (15 
        U.S.C. 649);
            (4) the term ``small business concern'' has the meaning 
        given the term in section 3 of the Small Business Act (15 
        U.S.C. 632);
            (5) the term ``small business development center'' means a 
        small business development center described in section 21 of 
        the Small Business Act (15 U.S.C. 648);
            (6) the term ``veterans' business outreach center'' means a 
        veterans' business outreach center described in section 32 of 
        the Small Business Act (15 U.S.C. 657b); and
            (7) the term ``women's business center'' means a women's 
        business center described in section 29 of the Small Business 
        Act (15 U.S.C. 656).

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 those 
                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 those materials available to--
                    (A) business development programs administered by 
                the Administration, including women's business centers, 
                veterans' business outreach centers, and 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 
                programs administered by the Administration, including 
                universities, nonprofit organizations, 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 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 those 
        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 (T), by striking ``and'' at the end;
            (2) in the first subparagraph designated as subparagraph 
        (U), by striking the period at the end and inserting a 
        semicolon;
            (3) by redesignating the second subparagraph designated as 
        subparagraph (U) as subparagraph (V);
            (4) in subparagraph (V), as so redesignated, by striking 
        the period at the end and inserting ``; and''; and
            (5) by adding at the end the following:
                    ``(W) 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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