3.0.0 6428 2022-12-30T03:49:03Z 2022-12-30T03:49:03Z House HR 2022-01-19 117 [Congressional Record Volume 168, Number 12 (Wednesday, January 19, 2022)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KHANNA:H.R. 6428.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the Constitution gives Congress thepower to make laws that are necessary and proper to carry outits enumerated powers.[Page H253]]]> hswm00 Ways and Means Committee House Standing Referred to 2022-01-19T15:00:30Z 2022-01-19 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2022-01-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2022-01-19 Introduced in House IntroReferral 1000 9 Library of Congress K000389 Rep. Khanna, Ro [D-CA-17] Ro Khanna D CA 17 N Taxation Taxation 00 2022-01-19 Introduced in House 2022-01-25T15:34:20Z Brick and Mortar Small Business Tax Credit Act of 2022

This bill allows a new state and local general sales tax credit through 2026 for certain small businesses whose business gross receipts for the taxable year do not exceed $2 million and that were generated by a specified percentage of in-person sales. The amount of the credit is 5% of business gross receipts not exceeding $1 million.

The bill also requires the Small Business Administration to conduct a public awareness campaign to inform small businesses of this tax credit.

]]> Brick and Mortar Small Business Tax Credit Act of 2022 Display Title Brick and Mortar Small Business Tax Credit Act of 2022 Short Title(s) as Introduced Brick and Mortar Small Business Tax Credit Act of 2022 Introduced in House IH Official Title as Introduced To amend the Internal Revenue Code of 1986 to establish a State and local general sales tax credit for small businesses. Introduced in House IH Introduced in House 2022-01-19T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr6428ih/xml/BILLS-117hr6428ih.xml 2022-01-19 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.