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H.R. 5277

BillFederalHouseIn Committee
Small Business Lending Incentive Program Act of 2010
About This Bill
Committee
Latest Action · May 11, 2010
Referred to the House Committee on Ways and Means.
Congress
111th (2009–2011)
Introduced
May 11, 2010
Sponsor
Rep. Charles WilsonD
Cosponsors (0)
None
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Summary

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Small Business Lending Incentive Program Act of 2010 - Amends the Internal Revenue Code to allow certain small banks a business-related tax credit for 1% of the total amount of loans made to small business concerns. Limits the amount of any such small business loan to $500,000, and limits to 20 the number of such loans a bank may include in the calculation of its credit in any taxable year. Terminates such credit two years after the enactment of this Act.

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