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

USA116th CongressHR-4922| House 
| Updated: 10/30/2019
Judy Chu

Judy Chu

Democratic Representative

California

Cosponsors (1)
Earl Blumenauer (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Oct 30, 2019

Latest Companion Bill Action

S 116-2738
Introduced in Senate
Oct 30, 2019
Introduced in House
Oct 30, 2019
Referred to the House Committee on Ways and Means.
  • October 30, 2019

    Latest Companion Bill Action

    S 116-2738
    Introduced in Senate


  • October 30, 2019
    Introduced in House


  • October 30, 2019
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 116-2738: Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
  • S 116-5065: Economic Justice Act
Administrative law and regulatory proceduresBusiness investment and capitalBusiness recordsDepartment of the TreasuryEmployment taxesFinancial services and investmentsIncome tax creditsInterest, dividends, interest ratesWages and earnings

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

USA116th CongressHR-4922| House 
| Updated: 10/30/2019
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 30, 2019

Latest Companion Bill Action

S 116-2738
Introduced in Senate
Oct 30, 2019
Introduced in House
Oct 30, 2019
Referred to the House Committee on Ways and Means.
  • October 30, 2019

    Latest Companion Bill Action

    S 116-2738
    Introduced in Senate


  • October 30, 2019
    Introduced in House


  • October 30, 2019
    Referred to the House Committee on Ways and Means.
Judy Chu

Judy Chu

Democratic Representative

California

Cosponsors (1)
Earl Blumenauer (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • S 116-2738: Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
  • S 116-5065: Economic Justice Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBusiness investment and capitalBusiness recordsDepartment of the TreasuryEmployment taxesFinancial services and investmentsIncome tax creditsInterest, dividends, interest ratesWages and earnings