H.R. 5277 · 111th Congress

Small Business Lending Incentive Program Act of 2010

Stage
In committee
Introduced
2010-05-11
Latest action
2010-05-11 · Introduced in House

Summary

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.