HR 5420 · 111th Congress · Taxation

Incentives for Successful Companies Act of 2010

Introduced 2010-05-26· Sponsored by Rep. Perlmutter, Ed [D-CO-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2010-05-26)

Plain Language Summary

[AI summary unavailable — showing source text] Incentives for Successful Companies Act of 2010 - Amends the Internal Revenue Code to allow through 2014: (1) certain businesses designated as successful companies a business-related tax credit for job training expenses; and (2) an increase to $250,000 in the expensing allowance for depreciable business assets placed in service by such companies. Defines a "successful company" as a U.S. company or enterprise that maintains a long-term U.S. growth plan, meets certain financial and creditworthiness criteria, and had an average of not fewer than 5 or more than 500 employees in the most recent calendar year.…

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

Cosponsors (1)

1 Republican