HR 5277 · 111th Congress · Taxation

Small Business Lending Incentive Program Act of 2010

Introduced 2010-05-11· Sponsored by Rep. Wilson, Charles A. [D-OH-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2010-05-11)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Lending Incentive Program Act of 2010 - Amends the Internal Revenue Code to allow certain small banks a business-related tax credit for 1% of the total amount of loans made to small business concerns. Limits the amount of any such small business loan to $500,000, and limits to 20 the number of such loans a bank may include in the calculation of its credit in any taxable year. Terminates such credit two years after the enactment of this Act.…

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