HR 6428
117th Congress
House
Taxation
Brick and Mortar Small Business Tax Credit Act of 2022
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 19, 2022
Referred to the House Committee on Ways and Means.
Jan 19, 2022
Introduced in House
Plain-English summary
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's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1