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HR 4922 116th Congress House Taxation Administrative law and regulatory procedures Business investment and capital Business records Department of the Treasury Employment taxes Financial services and investments Income tax credits Interest, dividends, interest rates Wages and earnings

Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act

Introduced: October 30, 2019 Introduced by: Chu, Judy Democratic · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 30, 2019
Referred to the House Committee on Ways and Means.
Oct 30, 2019
Introduced in House
 Plain-English summary Congressional Research Service

Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act

This bill provides for a new angel investor tax credit to promote investment in start-up businesses and a first employee tax credit equal to 25% of employee wages, up to $10,000 in a taxable year. An employer may elect to apply the amount of the first employee tax credit to payroll tax liability.

What's happening now October 30, 2019

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1