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- H.R.5346
H.R.5346: Rural Microbusiness Investment Credit Act of 2014
About This Bill
- Introduced July 31, 2014
- Latest Major Action July 31, 2014
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Rural Microbusiness Investment Credit Act of 2014 - Amends the Internal Revenue Code to allow a business-related tax credit for 35% of new investment in a rural microbusiness. Imposes limits on such credit for businesses and individual taxpayers. Defines: (1) "rural microbusiness" as a trade or business that employs not more than 5 full-time employees in a taxable year and is carried on, and physically located, in a distressed rural area; and...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| July 31, 2014 |
Referred to the House Committee on Ways and Means.
|
| July 31, 2014 |
Introduced in the House by Ron Kind (D-Wis.) |