PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
Version 07 · Reported to House · Jun 30, 2023
Small Business Jobs Act
This bill provides tax incentives for investment in small businesses. Among other provisions, the bill
increases from $600 to $5,000 (adjusted annually for inflation) the general reporting threshold for services performed by an independent contractor or subcontractor,
restores reporting requirements for third party network transactions,
modifies the exclusion of gain from the sale of qualified small business stock,
increases the ceiling for expensing of depreciable business assets,
establishes rural opportunity zones, and
reinstates reporting requirements for qualified opportunity zones and applies such requirements to qualified rural opportunity zones.
People & committees
Rep. Smith, Jason [R-MO-8] · R–MO
Legislative record
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Placed on the Union Calendar, Calendar No. 100.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-128.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-128.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 24 - 18.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We currently store references to these documents.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: May 27, 2025. Consult Congress.gov for the current record.
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Analyze H.R.3937 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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