3.0.0 2680 2023-01-11T13:36:37Z 2023-01-11T13:36:37Z House HR 2017-05-25 115 [Congressional Record Volume 163, Number 91 (Thursday, May 25, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CRIST:H.R. 2680.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, clause 3 provides Congress with thepower to ``regulate commerce with foreign nations, and amongthe several states, and with the Indian tribes.''[Page H4608]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-05-25T13:11:05Z 2017-05-25 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-05-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-05-25 Introduced in House IntroReferral 1000 9 Library of Congress C001111 Rep. Crist, Charlie [D-FL-13] Charlie Crist D FL 13 N R000583 Rep. Rooney, Thomas J. [R-FL-17] Thomas Rooney R FL J. 17 2017-05-25 True Taxation Employee hiring Income tax credits Small business Wages and earnings Taxation 00 2017-05-25 Introduced in House 2017-09-27T19:09:33Z 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.

]]> Small Business Tax Relief and Jobs Act of 2017 Display Title Small Business Tax Relief and Jobs Act of 2017 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for a credit against tax for certain small businesses hiring new employees. Introduced in House IH Short Titles as Introduced Small Business Tax Relief and Jobs Act of 2017 Introduced in House 2017-05-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2680ih/xml/BILLS-115hr2680ih.xml 2017-05-25 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.