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HR 4896 97th Congress House

A bill to amend the Internal Revenue Code of 1954 to allow a credit against income tax for any business which increases the amount of property and services provided to such business by minority-owned…

Official title: A bill to amend the Internal Revenue Code of 1954 to allow a credit against income tax for any business which increases the amount of property and services pro… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1954 to allow a credit against income tax for any business which increases the amount of property and services provided to such business by minority-owned small businesses.

Introduced: December 14, 1981 See on congress.gov
Taxation Business and commerceIncome taxMinoritiesMinority business enterprises
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Small businessTax credits
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) 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
Nov 4, 1981
Referred to House Committee on Ways and Means.
Nov 4, 1981
Introduced in House
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 Latest action November 4, 1981

Referred to House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow businesses an income tax credit for 15 percent of the increase in contracts for personal property or services awarded by such businesses to certified minority firms over a specified time period.

Defines "certified minority firm" as a firm certified by the Administrator of the Small Business Administration as being socially or economically disadvantaged.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Schumer, Charles E.
New York · Mar 29, 1982
 D
Wyden, Ron
Oregon · Dec 14, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4896: A bill to amend the Internal Revenue Code of 1954 to allow a credit against income tax for any business which increases the amount of property and services provided to such business by minority-owned small businesses.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-4896/
MLA
"H.R. 4896: A bill to amend the Internal Revenue Code of 1954 to allow a credit against income tax for any business which increases the amount of property and services provided to such business by minority-owned small businesses.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-4896/.
Bluebook (legal)
H.R. 4896, 97th Cong. (2026), https://openamerica.io/bill/97-HR-4896/.
Markdown link
[H.R. 4896: A bill to amend the Internal Revenue Code of 1954 to allow a credit against income tax for any business which increases the amount of property and services provided to such business by minority-owned small businesses.](https://openamerica.io/bill/97-HR-4896/)
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