Proposal:Brick and Mortar Small Business Tax Credit Act of 2022

This proposal is archived and closed to further debate. It was introduced in the 117th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 6428
Type of Legislation	House Bill
Congress	117
Status	Archived — 117th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

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.

Bill Title

Brick and Mortar Small Business Tax Credit Act of 2022

Linked Goals

• Goal:Promote General Welfare

Steps

• 2022-01-19: Referred to the House Committee on Ways and Means.
• 2022-01-19: Introduced in House
• 2022-01-19: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.