Search Results: keywords:"payroll tax credit"

  • H. R. 1753 — To provide tax incentives that support local media.
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    Status:Introduced in House
    Words:2,841

    H.R. 1753, titled the “Community News and Small Business Support Act,” aims to provide tax incentives to boost local media. The bill introduces a tax credit for small businesses that advertise in local newspapers and on local broadcast radio or TV stations. It also offers a payroll tax credit...

    Simple Explanation

    The bill is like giving a little extra money to help small shops and businesses when they advertise in local newspapers or on the radio and pay the people who write or report the news. It hopes this will help keep local news alive and strong, but there are a lot of rules about who can get the help and how long the help will last.

  • S. 4965 — To amend the Internal Revenue Code of 1986 to make the credit for small employer pension plan startup costs and the retirement auto-enrollment credit available to tax-exempt eligible small employers.
    Status:Introduced in Senate
    Words:1,120

    S. 4965 aims to amend the Internal Revenue Code to extend certain tax credits to small tax-exempt employers. Specifically, it makes the credit for small employer pension plan startup costs and the retirement auto-enrollment credit available to these organizations. The bill...

    Simple Explanation

    S. 4965 wants to help small non-profit groups save money when they start a retirement plan for their workers, by giving them a special money-saving treat on their taxes. This treat will start after December 31, 2024, and it's like getting a little extra allowance that they don't have to pay back to help take care of their employees.