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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.

Senate Actions

IntroReferral
Oct. 30 2019	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Oct. 30 2019	Introduced in Senate

Senate bill S2738-116

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

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