S 1256 United States Senate · 117th Congress

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

Summary

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.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2021

Committee Review

Floor Vote

President

Introduced Apr 20, 2021 Last action Apr 20, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 20, 2021

Committee

Read twice and referred to the Committee on Finance.

upper

Apr 20, 2021

Introduced

Introduced in Senate

upper

1 primary · 3 co-sponsors