Brick and Mortar Small Business Tax Credit Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jan 19, 2022)
Brick and Mortar Small Business Tax Credit Act of 2022
This bill allows a new state and local general sales tax credit through 2026 for certain small businesses whose business gross receipts for the taxable year do not exceed $2 million and that were generated by a specified percentage of in-person sales. The amount of the credit is 5% of business gross receipts not exceeding $1 million.
The bill also requires the Small Business Administration to conduct a public awareness campaign to inform small businesses of this tax credit.
What just happenedJan 19, 2022
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseJan 19, 2022
- Jan 19, 2022IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jan 19, 2022IntroReferralIntro-H
Introduced in House
- Jan 19, 2022IntroReferral1000
Introduced in House