S 3950 · 109th Congress · Taxation

Access to Capital for Entrepreneurs Act of 2006

Introduced 2006-09-27· Sponsored by Sen. Snowe, Olympia J. [R-ME]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10292-10293)(2006-09-27)

Plain Language Summary

[AI summary unavailable — showing source text] Access to Capital for Entrepreneurs Act of 2006 - Amends the Internal Revenue Code to allow certain investors a business tax credit for 25% of equity investments made in small businesses, up to an annual limit of $500,000. Terminates such credit after 2011.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Sen. Kerry, John F. [D-MA]MA