HR 2680 · 115th Congress · Taxation
Small Business Tax Relief and Jobs Act of 2017
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2017-05-25)
Plain Language Summary
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Small Business Tax Relief and Jobs Act of 2017 This bill amends the Internal Revenue Code to allow eligible small businesses an annual tax credit equal to 3.825% of the wages paid to up to three newly hired employees. The wages taken into account with respect to any employee may not exceed $100,000 per year. An "eligible small business" must have under $1.5 million in gross receipts and no more than 20 full-time employees during the preceding taxable year.…
Summarized by Claude AI · Non-partisan · For informational purposes only