The bill S. 5144, titled the “Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act,” seeks to amend the Internal Revenue Code of 1986. It introduces a tax credit for investors in small start-up businesses and provides a credit...
Simple Explanation
The PROGRESS Act is like a helping hand for new businesses and the people who invest in them. It gives money back to both businesses paying their first workers and people investing in new businesses to make it easier and cheaper for them to get started.