US HB2680 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 25 2017 - 25% progression, died in committee
Action: 2017-05-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 25 2017 - 25% progression, died in committee
Action: 2017-05-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Small Business Tax Relief and Jobs Act of 2017 This bill amends the Internal Revenue Code to allow eligible small businesses an annual tax credit equal to 3.825% of the wages paid to up to three newly hired employees. The wages taken into account with respect to any employee may not exceed $100,000 per year. An "eligible small business" must have under $1.5 million in gross receipts and no more than 20 full-time employees during the preceding taxable year.
Title
Small Business Tax Relief and Jobs Act of 2017
Sponsors
Rep. Charlie Crist [D-FL] | Rep. Thomas Rooney [R-FL] |
History
Date | Chamber | Action |
---|---|---|
2017-05-25 | House | Referred to the House Committee on Ways and Means. |
2017-05-25 | House | Introduced in House |
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/2680/all-info |
Text | https://www.congress.gov/115/bills/hr2680/BILLS-115hr2680ih.pdf |