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Main Subject: Taxation

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

This bill provides for a new angel 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.

S2738-116, S5065-116,

House floor actions Actions

IntroReferral
Oct. 30 2019	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Oct. 30 2019	Introduced in House Introduced in House

House bill HR4922-116

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

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