Small Business Jobs Act of 2010 Tax Provisions
Several of the provisions are designed to encourage investment and provide access to capital for businesses. The following is a list of those specific tax provisions now in effect; additional information will be added to this page as it becomes available.
- Sect. 2011: Temporary exclusion of 100% of gain on certain small business stock
- Sect. 2012: General business credits of eligible small businesses for 2010 carried back 5 years
- Sect. 2013: General business credits of eligible small businesses in 2010 not subject to alternative minimum tax
- Sect. 2014: Temporary reduction in S-Corporation built-in gain recognition period
- Sect. 2021: Increased expensing limitations for 2010 and 2011; certain real property treated as Code section 179 property
- Sect. 2022: Additional first-year depreciation for 50% of the basis of certain qualified property
- Sect. 2031: Increase in amount allowed as deduction for start-up expenditures in 2010
- Sect. 2042: Deduction for health insurance costs in computing self-employment taxes in 2010
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