Sens. introduce bill to spur investment in small R&D companies

Sens. Robert Menendez (D-N.J.) and Pat Toomey (R-Pa.) introduced in the U.S. Senate a bill that would make changes to current tax code that are aimed at boosting investment in loss-making R&D companies that lack near-term revenue. The Start-up Jobs and Innovation Act would allow investors in small businesses to use the company's losses and tax credits to offset the investors' taxable income. The bill also would make permanent the capital gains tax exclusion for the sale of shares of qualified small businesses and increase the size of qualified companies to include those with up to $150 million in assets, up from $50 million. Additionally, the bill would ease accounting methods for pre-profit, small R&D companies. ...