Search Results: keywords:"aggregation rules"

  • H. R. 10429 — To amend the Internal Revenue Code of 1986 to establish a State and local general sales tax credit for small businesses.
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    Status:Introduced in House
    Words:1,107

    H. R. 10429, known as the "Brick and Mortar Small Business Tax Credit Act of 2024," seeks to amend the Internal Revenue Code to create a tax credit for small businesses. Specifically, it allows eligible small businesses with gross receipts of $1,000,000 or less to receive a...

    Simple Explanation

    H. R. 10429 is like a magic helper for small shops to save money on their sales, giving them a special money-back offer if they earn $1,000,000 or less. But, this help stops by the end of 2028 and some shops might need extra help to understand how it works exactly.

  • H. R. 996 — To amend the Internal Revenue Code of 1986 to enhance the paid family and medical leave credit, and for other purposes.
    Status:Introduced in House
    Words:1,323

    The bill, titled the “Paid Family and Medical Leave Tax Credit Extension and Enhancement Act,” aims to modify the Internal Revenue Code of 1986 to improve the tax credit for paid family and medical leave. It allows employers to choose between calculating credit based on wages paid during...

    Simple Explanation

    The bill wants to help businesses give parents and sick people time off work by making it easier for them to get money back through taxes. It also wants to tell more people how this money help works.