Bill116th CongressFiled Oct 30, 2019Taxation
H.R. 4922
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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CommitteeComm.
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Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (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
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Chu, Judy [D-CA-27](D-CA)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions2related bills9subjects
- Introduced in HouseOct 30, 2019
- Oct 30, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Oct 30, 2019IntroReferralIntro-H
Introduced in House
- Oct 30, 2019IntroReferral1000
Introduced in House