3.0.0 2490 2023-01-11T13:19:11Z 2023-01-11T13:19:11Z House H HR 2009-05-19 111 hswm00 Ways and Means Committee House Standing Referred to 2009-05-19T14:33:45Z 2009-05-19 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-05-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-05-19 Introduced in House IntroReferral 1000 9 Library of Congress K000113 Rep. Kennedy, Patrick J. [D-RI-1] PATRICK KENNEDY D RI J. 1 N K000365 Rep. Kagen, Steve [D-WI-8] Steve Kagen D WI 8 2009-05-19 True M001168 Rep. Murphy, Patrick J. [D-PA-8] Patrick Murphy D PA J. 8 2009-05-19 True J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2009-06-03 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2009-06-12 False C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2009-10-20 False H001043 Rep. Hodes, Paul W. [D-NH-2] Paul Hodes D NH W. 2 2010-01-12 False Taxation Bank accounts, deposits, capital Congressional oversight Government studies and investigations Income tax deferral National Guard and reserves Small business Wages and earnings Taxation 00 2009-05-19 Introduced in House 2009-06-08T18:44:56Z Generating Reinvestment Opportunities with America's Small Businesses Act of 2009 or the GROW America's Small Businesses Act of 2009 - Amends the Internal Revenue Code to: (1) allow certain small businesses (generally, businesses with $12 million or less in gross receipts for a taxable year) to defer payment of income tax by making four equal installments over a specified two-year period; (2) extend such deferral period to three years for small businesses that increase employment and maintain salary levels of employees called to duty as members of the Ready Reserve/National Guard; and (3) establish tax-exempt GROW Accounts to provide financing and tax relief for such small businesses.

Requires the Comptroller General to study and report to Congress on the applicability and impact of this Act.

]]> GROW America's Small Businesses Act of 2009 Display Title GROW America's Small Businesses Act of 2009 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow certain small businesses to defer payment of tax. Introduced in House IH Short Titles as Introduced GROW America's Small Businesses Act of 2009 Short Titles as Introduced Generating Reinvestment Opportunities With America's Small Businesses Act of 2009 Introduced in House 2009-05-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr2490ih/xml/BILLS-111hr2490ih.xml 2009-05-19 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.