Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
This bill provides for a new angel investor tax credit to promote investment in start-up businesses and a first employee tax credit equal to 25% of employee wages, up to $10,000 in a taxable year. An employer may elect to apply the amount of the first employee tax credit to payroll tax liability.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2019-10-30 | IntroReferral | Read twice and referred to the Committee on Finance. | Senate |
| 2019-10-30 | IntroReferral | Introduced in Senate | Library of Congress |