Buy it in America Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jul 29, 2014)
Buy it in America Act - Directs the Secretary of Commerce to establish the America Star Program as a voluntary program under which manufacturers may have products certified as meeting the standards of a label (i.e., America Star label) that indicates to consumers the extent to which such products are manufactured in the United States.
Amends the Internal Revenue Code to: (1) allow a new tax credit (angel investment tax credit) for up to 25% of equity investment in a small business entity that is located in the United States and engages in a qualified high technology trade or business; (2) make permanent the 100% exclusion from gross income of gain from the sale or exchange of qualified small business stock; and (3) establish tax-exempt small business startup savings accounts to make distributions for small business operating capital, the purchase of equipment or facilities, marketing, training, incorporation, and accounting fees.
What just happenedJul 29, 2014
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateJul 29, 2014
- Jul 29, 2014IntroReferral
Read twice and referred to the Committee on Finance.
- Jul 29, 2014IntroReferral10000
Introduced in Senate