Small Business Investment and Promotion Act of 2007

Bill: 110-hr-2133
Sponsor: Rep. Allen, Thomas H. [D-ME-1]
Introduced: 2007-05-03 in the House
Policy area: Commerce
Subjects: Accounting
Agriculture and Food
Air conditioning
Americans in foreign countries
Appropriations
Authorization
Business education
Commercialization
Department of Commerce
Depreciation and amortization
Diesel motor
Economics and Public Finance
Energy
Energy prices
Entrepreneurs
Executives
Farmers
Finance and Financial Sector
Fisheries
Gasoline
Government Operations and Politics
Government contractors
Government lending
Government procurement
Heating
High technology
Income tax
Indexing (Economic policy)
Industrial buildings
Industrial research
Labor and Employment
Loans
Manufacturing industries
Marine and coastal resources, fisheries
Natural gas
Nonprofit organizations
Older workers
Refrigeration
Research and development tax credit
Restaurants
Retail trade
Science, Technology, Communications
Small Business Administration
Small business
Social Welfare
Tax credits
Tax deductions
Taxation
Technological innovations
Technology transfer
Transportation and Public Works
Travel costs
Women
Women in business

Summary:
action_date: 2007-05-03
text: 
Small Business Investment and Promotion Act of 2007 - Amends the Internal Revenue Code to: (1) provide to small business owners and operators of farming or commercial fishing businesses a temporary credit for excessive fuel costs paid or incurred in the operation of such business; (2) make permanent the credit for increasing research activities; and (3) treat as 15-year property for purposes of the depreciation deduction qualified restaurant property, qualified retail improvement property, and certain systems installed in nonresidential buildings.
 
Authorizes appropriations for FY2008-FY2009 for: (1) the Advanced Technology Program; (2) the Service Corps of Retired Executives (SCORE); (3) small business development centers; (4) the Manufacturing Extension Partnership program; and (5) the Women's Business Centers program.
 
Expresses the sense of Congress calling for appropriate funding for the above programs and the Small Business Act's 7(a) loan program.
 
Amends the Small Business Act to include awards for contracts performed outside the United States within the federal government's small business contracting goal.


Legislative actions:
action_date: 2007-05-08
text: Referred to the Subcommittee on Technology and Innovation.
action_date: 2007-05-03
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Science and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2007-05-03
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Science and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2007-05-03
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Science and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2007-05-03
text: Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, and Science and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2007-05-03
text: Introduced in House
action_date: 2007-05-03
text: Introduced in House