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

USA117th CongressS-1256| Senate 
| Updated: 4/20/2021
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Cosponsors (3)
Margaret Wood Hassan (Democratic)Catherine Cortez Masto (Democratic)Benjamin L. Cardin (Democratic)

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 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

S 116-2738
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Apr 20, 2021

Latest Companion Bill Action

HR 117-2680
Introduced in House
Apr 20, 2021
Introduced in Senate
Apr 20, 2021
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-2738
    Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act


  • April 20, 2021

    Latest Companion Bill Action

    HR 117-2680
    Introduced in House


  • April 20, 2021
    Introduced in Senate


  • April 20, 2021
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 117-2680: 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 CongressS-1256| Senate 
| 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

S 116-2738
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Apr 20, 2021

Latest Companion Bill Action

HR 117-2680
Introduced in House
Apr 20, 2021
Introduced in Senate
Apr 20, 2021
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-2738
    Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act


  • April 20, 2021

    Latest Companion Bill Action

    HR 117-2680
    Introduced in House


  • April 20, 2021
    Introduced in Senate


  • April 20, 2021
    Read twice and referred to the Committee on Finance.
Ron Wyden

Ron Wyden

Democratic Senator

Oregon

Cosponsors (3)
Margaret Wood Hassan (Democratic)Catherine Cortez Masto (Democratic)Benjamin L. Cardin (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 117-2680: 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