Bill117th CongressFiled Apr 20, 2021Taxation
H.R. 2680
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (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
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
1cosponsors1committees3actions1related bills9subjects
- Introduced in HouseApr 20, 2021
- Apr 20, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 20, 2021IntroReferralIntro-H
Introduced in House
- Apr 20, 2021IntroReferral1000
Introduced in House