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- S.1540
S.1540: Growing Small Businesses Act
About This Bill
- Introduced July 12, 2017
- Latest Major Action July 12, 2017
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Version
- Introduced in Senate - July 12, 2017
Bill Summary
Growing Small Businesses Act This bill amends the Internal Revenue Code to allow a tax credit for investments in a small business's first qualifying production facility. The credit is equal to 25% of the cost of property for an eligible employer's first qualifying production facility placed in service during the year. The credit applies to employers who: (1) have no more than 50 full-time equivalent employees, and (2) have not previously...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 12, 2017 |
Read twice and referred to the Committee on Finance.
|
| July 12, 2017 |
Introduced in the Senate by Debbie Stabenow (D-Mich.) |