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H.R. 5420

BillFederalHouseIn Committee
Incentives for Successful Companies Act of 2010
About This Bill
Committee
Latest Action · May 26, 2010
Referred to the House Committee on Ways and Means.
Congress
111th (2009–2011)
Introduced
May 26, 2010
Cosponsors (1)
0D 1R
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Summary

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Incentives for Successful Companies Act of 2010 - Amends the Internal Revenue Code to allow through 2014: (1) certain businesses designated as successful companies a business-related tax credit for job training expenses; and (2) an increase to $250,000 in the expensing allowance for depreciable business assets placed in service by such companies. Defines a "successful company" as a U.S. company or enterprise that maintains a long-term U.S. growth plan, meets certain financial and creditworthiness criteria, and had an average of not fewer than 5 or more than 500 employees in the most recent calendar year.

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