US HB1801 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Democrat 15-0)
Status: Introduced on April 15 2015 - 25% progression, died in committee
Action: 2015-04-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 15 2015 - 25% progression, died in committee
Action: 2015-04-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Promoting Financial Literacy and Economic Opportunity Act of 2015 This bill amends the Internal Revenue Code to allow up to 20 for-profit organizations in any taxable year a business-related tax credit for 50% of the amount paid or incurred to carry out activities to improve the quality of student understanding of personal finance and economics. The Department of the Treasury shall determine which for-profit organizations are eligible for the credit, ensuring that a majority of credit recipients are: (1) either a socially and economically disadvantaged small business concern, a small business concern owned and controlled by women, or a small business concern that is at least 51% owned by veterans, or (2) do not have more than $60 billion in assets. In determining the eligibility of a for-profit organization, Treasury shall give priority to organizations that have programs serving either urban or rural underserved areas.
Title
Promoting Financial Literacy and Economic Opportunity Act of 2015
Sponsors
Rep. Robin Kelly [D-IL] | Rep. Ruben Hinojosa [D-TX] | Rep. Joyce Beatty [D-OH] | Rep. Matthew Cartwright [D-PA] |
Rep. Joseph Crowley [D-NY] | Rep. Brenda Lawrence [D-MI] | Rep. Cedric Richmond [D-LA] | Rep. Ann Kuster [D-NH] |
Rep. Charles Rangel [D-NY] | Rep. Barbara Lee [D-CA] | Rep. Michael Honda [D-CA] | Rep. Marcy Kaptur [D-OH] |
Rep. Debbie Dingell [D-MI] | Rep. Gregory Meeks [D-NY] | Rep. Terri Sewell [D-AL] |
History
Date | Chamber | Action |
---|---|---|
2015-04-15 | House | Referred to the House Committee on Ways and Means. |
2015-04-15 | House | Introduced in House |
Subjects
Elementary and secondary education
Financial literacy
Income tax credits
Minority and disadvantaged businesses
Rural conditions and development
Small business
Taxation
Urban and suburban affairs and development
Veterans' education, employment, rehabilitation
Women in business
Financial literacy
Income tax credits
Minority and disadvantaged businesses
Rural conditions and development
Small business
Taxation
Urban and suburban affairs and development
Veterans' education, employment, rehabilitation
Women in business
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/1801/all-info |
Text | https://www.congress.gov/114/bills/hr1801/BILLS-114hr1801ih.pdf |