News Column

Sen. Pryor Introduces Bill to Allow Credit Against Income Tax for Equity Investments in Small Business Concerns

August 2, 2014



by GEMA VIANA Targeted News Service

WASHINGTON, Aug. 2 -- Sen. Mark Pryor, D-Ark., has introduced legislation (S. 2680) to "direct the Secretary of Commerce to establish a voluntary program under which manufacturers may have products certified as meeting the standards of labels that indicate to consumers the extent to which the products are manufactured in the United States, to amend the Internal Revenue Code of 1986 to allow a credit against income tax for equity investments in small business concerns, to establish small business savings accounts."

The bill was introduced on July 29 and was co-sponsored by Sen. John Walsh, D-Mont.

The legislation was referred to the Senate Finance Committee.

The full text of the bill is available from the Library of Congress Thomas legislative website. To access the bill, go to http://thomas.loc.gov/home/LegislativeData.php?&n=BillText. For more information about congressional legislation and services offered by Targeted News Service to track issues, key words or members of Congress who introduce or co-sponsor legislation, please contact editor@targetednews.com or call 703/304-1897.

For more information about Targeted News Service products and services, please contact: Myron Struck, editor, Targeted News Service LLC, Springfield, Va., 703/304-1897; editor@targetednews.com; http://targetednews.com.

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Source: Targeted News Service


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