Referred to the Committee on Small Business, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The bill orders the Small Business Administration to launch a program that offers tools, training and counseling so small firms can develop succession plans. It adds a $250 tax credit when a plan is certified and another $250 credit when the succession is completed, with provisions to recapture the credit if the business is later sold to a non‑small business. The goal is to keep small businesses operating across generations, especially those owned by socially and economically disadvantaged individuals.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Topics
Track this bill
Get real-time alerts when HR 9051 changes status, plus AI-powered summaries and stage predictions.
Sign up free