Small Business Jobs & Credit Act 2010
On September 27, 2010, Obama signed the Small Business Jobs and Credit Act of 2010 (H.R. 5297) into law. This legislation covers issues from increasing small business owners' access to capital and promoting exports to a new, one-year tax deduction for sole proprietors on healthcare costs on payroll taxes. This tax break is particularly significant for the 23 million self-employed individuals in America.
The National Association for the Self Employed (NASE) has produced several documents detailing the significant points of this legislation, particularly regarding the self-employed.
- Small Business Jobs & Credit Act Signed into Law
- What You Need to Know About the One-Year Tax Deduction on Health Costs for the Self-Employed
- Bipartisan Support Summary
- For summaries of the legislation and particular modifications or amendments, click here.