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

USA116th CongressS-2738| Senate 
| Updated: 10/30/2019
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Finance 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

HR 116-4922
Introduced in House
Oct 30, 2019
Introduced in Senate
Oct 30, 2019
Read twice and referred to the Committee on Finance.
  • October 30, 2019

    Latest Companion Bill Action

    HR 116-4922
    Introduced in House


  • October 30, 2019
    Introduced in Senate


  • October 30, 2019
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 116-4922: Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) 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 CongressS-2738| Senate 
| 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

HR 116-4922
Introduced in House
Oct 30, 2019
Introduced in Senate
Oct 30, 2019
Read twice and referred to the Committee on Finance.
  • October 30, 2019

    Latest Companion Bill Action

    HR 116-4922
    Introduced in House


  • October 30, 2019
    Introduced in Senate


  • October 30, 2019
    Read twice and referred to the Committee on Finance.
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Finance Committee

Taxation

Related Bills

  • HR 116-4922: Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) 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