Small Business Contracting Credit Act
HR 5063 modifies the timeframe for a tax credit that helps small businesses in Puerto Rico and U.S. territories secure federal contracts. It shortens the credit period from 4 years starting immediately after enactment to 3 years beginning 90 days after the bill's passage. This adjustment reduces the total duration of the credit by one year for eligible businesses. The bill directly affects small businesses in Puerto Rico and designated U.S. territories that contract with the federal government.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 27, 2023
Last action Jul 27, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 27, 2023
Committee
Referred to the House Committee on Small Business.
lower
Jul 27, 2023
Introduced
Introduced in House
lower
1 primary · 4 co-sponsors
Sponsors
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