About the bill
- Full Title
A bill to amend the Internal Revenue Code of 1954 to provide small business concerns a credit against income tax for amounts contributed to a reserve the payments from which must be used for capital investment and the employment of additional employees.
- Summary (CRS)
4/2/1980--Introduced.Small Business Capital Formation, Capital Retention and Expansion Act of 1980 - Amends the Internal Revenue Code to allow small businesses an income tax credit equal to 50 percent of ...
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The bill’s title was written by its sponsor.
Apr 2, 1980
This is the first step in the legislative process.
This is a House of Representatives bill in the United States Congress (indicated by the “H.R.” in “H.R. 7024”). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
- Committee Assignments
The committee chair determines whether a bill will move past the committee stage.
There have been no roll call votes related to this bill.
Links & tools
Click a format for a citation suggestion:
Civic Impulse. (2015). H.R. 7024 — 96th Congress: Small Business Capital Formation, Capital Retention, and Expansion Act of 1980. Retrieved from https://www.govtrack.us/congress/bills/96/hr7024
“H.R. 7024 — 96th Congress: Small Business Capital Formation, Capital Retention, and Expansion Act of 1980.” www.GovTrack.us. 1980. October 5, 2015 <https://www.govtrack.us/congress/bills/96/hr7024>
|title=H.R. 7024 (96th)
|accessdate=October 5, 2015
|author=96th Congress (1980)
|date=April 2, 1980
|quote=Small Business Capital Formation, Capital Retention, and Expansion Act of 1980