Bill116th CongressFiled Oct 30, 2019Taxation
S. 2738
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Oct 30, 2019)
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.
What just happenedOct 30, 2019
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Wyden, Ron [D-OR](D-OR)Sponsor
1committees2actions1related bills9subjects
- Introduced in SenateOct 30, 2019
- Oct 30, 2019IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Oct 30, 2019IntroReferral10000
Introduced in Senate