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

USA117th CongressHR-2680| House 
| Updated: 4/20/2021
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 small business 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

Bill from Previous Congress

HR 116-4922
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Apr 20, 2021

Latest Companion Bill Action

S 117-1256
Introduced in Senate
Apr 20, 2021
Introduced in House
Apr 20, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

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


  • April 20, 2021

    Latest Companion Bill Action

    S 117-1256
    Introduced in Senate


  • April 20, 2021
    Introduced in House


  • April 20, 2021
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • S 117-1256: 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

USA117th CongressHR-2680| House 
| Updated: 4/20/2021
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act This bill provides for a new small business 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

Bill from Previous Congress

HR 116-4922
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Apr 20, 2021

Latest Companion Bill Action

S 117-1256
Introduced in Senate
Apr 20, 2021
Introduced in House
Apr 20, 2021
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

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


  • April 20, 2021

    Latest Companion Bill Action

    S 117-1256
    Introduced in Senate


  • April 20, 2021
    Introduced in House


  • April 20, 2021
    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 117-1256: 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