HR 1801 114th Congress House Taxation Elementary and secondary education Financial literacy Income tax credits Minority and disadvantaged businesses Rural conditions and development Small business Urban and suburban affairs and development Veterans' education, employment, rehabilitation Women in business

Promoting Financial Literacy and Economic Opportunity Act of 2015

Introduced: April 15, 2015 Introduced by: Kelly, Robin L. Democratic · Illinois See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 15, 2015

Referred to the House Committee on Ways and Means.

Apr 15, 2015

Introduced in House

Plain-English summary Congressional Research Service

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's happening now April 15, 2015

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1