Promoting Financial Literacy and Economic Opportunity Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 15, 2015)
Promoting Financial Literacy and Economic Opportunity Act of 2015
This bill amends the Internal Revenue Code to allow up to 20 for-profit organizations in any taxable year a business-related tax credit for 50% of the amount paid or incurred to carry out activities to improve the quality of student understanding of personal finance and economics. The Department of the Treasury shall determine which for-profit organizations are eligible for the credit, ensuring that a majority of credit recipients are: (1) either a socially and economically disadvantaged small business concern, a small business concern owned and controlled by women, or a small business concern that is at least 51% owned by veterans, or (2) do not have more than $60 billion in assets. In determining the eligibility of a for-profit organization, Treasury shall give priority to organizations that have programs serving either urban or rural underserved areas.
What just happenedApr 15, 2015
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseApr 15, 2015
- Apr 15, 2015IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 15, 2015IntroReferralIntro-H
Introduced in House
- Apr 15, 2015IntroReferral1000
Introduced in House