H.R. 7024 (96th): Small Business Capital Formation, Capital Retention, and Expansion Act of 1980

Introduced:

Apr 2, 1980
96th Congress, 1979–1980

Status:
Died in a previous Congress

This bill was introduced on April 2, 1980, in a previous session of Congress, but was not enacted.

Sponsor:

Gene Maguire

Representative for New Jersey's 7th congressional district

Democrat

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.

The bill’s titles are written by its sponsor.

Read CRS Summary >

History

Apr 2, 1980
 
Introduced

This is the first step in the legislative process.

This page is about a bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Links & tools

Primary Source

Congress.gov

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