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Brick and Mortar Small Business Tax Credit Act of 2022

USA117th CongressHR-6428| House 
| Updated: 1/19/2022
Ro Khanna

Ro Khanna

Democratic Representative

California

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jan 19, 2022
Introduced in House
Jan 19, 2022
Referred to the House Committee on Ways and Means.
  • January 19, 2022
    Introduced in House


  • January 19, 2022
    Referred to the House Committee on Ways and Means.

Taxation

Brick and Mortar Small Business Tax Credit Act of 2022

USA117th CongressHR-6428| House 
| Updated: 1/19/2022
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.
View Full Text

Suggested Questions

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

Timeline
Jan 19, 2022
Introduced in House
Jan 19, 2022
Referred to the House Committee on Ways and Means.
  • January 19, 2022
    Introduced in House


  • January 19, 2022
    Referred to the House Committee on Ways and Means.
Ro Khanna

Ro Khanna

Democratic Representative

California

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted