Small Business Tax Benefits : Overview and Economic Rationale.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Corporations--Taxation.

Corporations.

Income tax.

Taxation.

Physical Description:

1 online resource (32 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2009.

System Details:

text file

Summary:

Provides an overview of Federal tax benefits for small businesses and examines possible economic rationales for these benefits. Discusses various tax benefits for small business, including taxation of passthrough entities, graduated corporate income tax rates, the expensing allowance for certain depreciable business assets, exemption of certain small corporations from the corporate alternative minimum tax, amortization of business start-up costs, cash basis accounting, net operating losses, tax incentives for private equity investment in small firms, uniform capitalization of inventory costs, simplified dollar-value "last-in-first-out" accounting method for small firms, tax credit for pension plan start-up costs of small firms, and tax credit for cost of making a business more accessible to the disabled. Reviews economic role of small firms, and evaluates economic arguments for and against small business tax preferences.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Small Business Tax Benefits

Access Restriction:

Restricted for use by site license.