Brick and Mortar Small Business Tax Credit Act of 2022

Summary

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.

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Timeline

1. 19 January 2022

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 19 January 2022

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 January 2022

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 19 January 2022 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 19 January 2022

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 19 January 2022

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 19 January 2022

  Open at official source

Sponsors

• Rep. Khanna, Ro [D-CA-17] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → Brick and Mortar Small Business Tax Credit Act of 2024