Promoting Financial Literacy and Economic Opportunity Act of 2015

Summary

Promoting Financial Literacy and Economic Opportunity Act of 2015 This bill amends the Internal Revenue Code to allow up to 20 for-profit organizations in any taxable year a business-related tax credit for 50% of the amount paid or incurred to carry out activities to improve the quality of student understanding of personal finance and economics. The Department of the Treasury shall determine which for-profit organizations are eligible for the credit, ensuring that a majority of credit recipients are: (1) either a socially and economically disadvantaged small business concern, a small business concern owned and controlled by women, or a small business concern that is at least 51% owned by veterans, or (2) do not have more than $60 billion in assets. In determining the eligibility of a for-profit organization, Treasury shall give priority to organizations that have programs serving either urban or rural underserved areas.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 April 2015

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• Introduced in House (PDF)

  Introduced in House · EN · 15 April 2015

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• Introduced in House

  summary · EN · 15 April 2015

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