Bill117th CongressFiled Apr 20, 2021Taxation
S. 1256
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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Both ChambersBoth
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What it doesSummary introduced in senate (Apr 20, 2021)
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.
What just happenedApr 20, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Wyden, Ron [D-OR](D-OR)Sponsor
3 cosponsors3 D
3cosponsors1committees2actions1related bills9subjects
- Introduced in SenateApr 20, 2021
- Apr 20, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Apr 20, 2021IntroReferral10000
Introduced in Senate