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- S.2738
S.2738: Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
About This Bill
- Introduced Oct. 30, 2019
- Latest Major Action Oct. 30, 2019
Bill Sponsor
Bill Version
- Introduced in Senate - Oct. 30, 2019
Bill Summary
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act This bill provides for a new angel investor tax credit to promote investment in start-up businesses and a first employee tax credit equal to 25% of employee wages, up to $10,000 in a taxable year. An employer may elect to apply the amount of the first employee tax credit to payroll tax liability.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Oct. 30, 2019 |
Read twice and referred to the Committee on Finance.
|
Oct. 30, 2019 |
Introduced in the Senate by Ron Wyden (D-Ore.) |