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HR 5420 111th Congress House

Incentives for Successful Companies Act of 2010

Official title: To provide a tax credit for job training by successful companies, and for other purposes.

Introduced: May 26, 2010 See on congress.gov
Taxation Business investment and capitalEmployment and training programsIncome tax creditsIncome tax deductions
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 26, 2010
Introduced in House
May 26, 2010
Referred to the House Committee on Ways and Means.
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 Latest action May 26, 2010

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Incentives for Successful Companies Act of 2010 - Amends the Internal Revenue Code to allow through 2014: (1) certain businesses designated as successful companies a business-related tax credit for job training expenses; and (2) an increase to $250,000 in the expensing allowance for depreciable business assets placed in service by such companies. Defines a "successful company" as a U.S. company or enterprise that maintains a long-term U.S. growth plan, meets certain financial and creditworthiness criteria, and had an average of not fewer than 5 or more than 500 employees in the most recent calendar year.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 5420: Incentives for Successful Companies Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-HR-5420/
MLA
"H.R. 5420: Incentives for Successful Companies Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-5420/.
Bluebook (legal)
H.R. 5420, 111th Cong. (2026), https://openamerica.io/bill/111-HR-5420/.
Markdown link
[H.R. 5420: Incentives for Successful Companies Act of 2010](https://openamerica.io/bill/111-HR-5420/)
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