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- H.R.2680
H.R.2680: Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
About This Bill
- Introduced April 20, 2021
- Latest Major Action April 20, 2021
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - April 20, 2021
Bill Summary
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act This bill provides for a new small business 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 |
---|---|
April 20, 2021 |
Referred to the House Committee on Ways and Means.
|
April 20, 2021 |
Introduced in the House by Judy Chu (D-Calif.) |