Search Results for keywords:"business eligibility"

Search Results: keywords:"business eligibility"

H. R. 9930 — To amend the Small Business Act to include surviving children in the definition of small business concern owned and controlled by service-disabled veterans, and for other purposes.
October 04, 2024
Status:Introduced in House
Congress:118
Words:243
H.R. 9930 is a bill proposed in the U.S. House of Representatives to change the Small Business Act so that children who survive a service-disabled veteran can be considered owners of the veteran's small business. According to the bill, if a veteran who owns a qualifying small business passes...
Simple Explanation
Imagine a small toy store run by a brave soldier. If the soldier can't take care of the store anymore because they are gone, this bill says their child can take over the store so it stays special and veteran-owned.
H. R. 7821 — To amend the Internal Revenue Code of 1986 to provide for a tax credit with respect to fighting retail crime, and for other purposes.
💰
March 26, 2024
Status:Introduced in House
Congress:118
Words:1,040
H.R. 7821, titled the “Safer American Family Enterprise Retail Act of 2024” or the “SAFE Retail Act of 2024,” proposes an amendment to the Internal Revenue Code to establish a tax credit for small retail businesses. The credit would cover 50% of eligible expenditures related...
Simple Explanation
H.R. 7821 is a proposed law that would give small shops some money back on their taxes if they spend money to make their stores safer from thieves. This means if a small store buys things like cameras or alarms to stop people from stealing, they can get back some of the money they spent when they pay their taxes, but only a certain amount and until the year 2029.
S. 4809 — To amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments by angel investors.
💰
July 25, 2024
Status:Introduced in Senate
Congress:118
Words:2,109
S. 4809 proposes changes to the Internal Revenue Code of 1986 to introduce a tax credit for angel investors who invest in small, high-tech businesses in the U.S. This bill allows qualified investors to receive a credit of 25% of their investment, capped at $250,000 per year....
Simple Explanation
The bill is about giving a special money-saving coupon, called a tax credit, to people who help new and small tech companies by giving them money, but there are rules about how much they can get, who can get it, and which companies can use it.

Showing 1 to 3 of 3 results