Bill115th CongressFiled May 25, 2017Taxation
H.R. 2680
Small Business Tax Relief and Jobs Act of 2017
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (May 25, 2017)
Small Business Tax Relief and Jobs Act of 2017
This bill amends the Internal Revenue Code to allow eligible small businesses an annual tax credit equal to 3.825% of the wages paid to up to three newly hired employees. The wages taken into account with respect to any employee may not exceed $100,000 per year.
An "eligible small business" must have under $1.5 million in gross receipts and no more than 20 full-time employees during the preceding taxable year.
What just happenedMay 25, 2017
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Crist, Charlie [D-FL-13](D-FL)Sponsor
1 cosponsor1 R
1cosponsors1committees3actions4subjects
- Introduced in HouseMay 25, 2017
- May 25, 2017IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 25, 2017IntroReferralIntro-H
Introduced in House
- May 25, 2017IntroReferral1000
Introduced in House