H.R.6428: Brick and Mortar Small Business Tax Credit Act of 2022

About This Bill

  • Introduced Jan. 19, 2022
  • Latest Major Action Jan. 19, 2022

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Bill Version

Bill Summary

Brick and Mortar Small Business Tax Credit Act of 2022 This bill allows a new state and local general sales tax credit through 2026 for certain small businesses whose business gross receipts for the taxable year do not exceed $2 million and that were generated by a specified percentage of in-person sales. The amount of the credit is 5% of business gross receipts not exceeding $1 million. The bill also requires the Small Business Administration...

(Source: Library of Congress)

Bill Actions

Date Description
Jan. 19, 2022
Referred to the House Committee on Ways and Means.
Jan. 19, 2022

Introduced in the House by Ro Khanna (D-Calif.)

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