Sec. 14901. Grants to small business development centers and women’s business centers to address rising costs of tax compliance for small business concerns
452 words·~2 min read·
/bill/116/hr/8352/ih/section-14901·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Administrator of the Small Business Administration may award a grant under this section to a small business development center or a women’s business center for the purposes of assisting owners of small business concerns in complying with the Internal Revenue Code of 1986 and communicating with the Internal Revenue Service. Each applicant for a grant under this section shall submit to the Administrator an application in such form as the Administrator may require. The application shall include information regarding the applicant’s goals and objectives for helping address the concerns of owners of small business concerns related to compliance with the Internal Revenue Code of 1986.
An applicant for a grant under this section shall comply with all of the requirements applicable to a grantee under section 21 or section 29 of the Small Business Act, except that the matching funds requirements of such sections shall not apply. A recipient of a grant under this section shall use the grant only for the purposes described in subsection (a), including working with— the Internal Revenue Service, including local offices of the Office of the Taxpayer Advocate, to help reduce tax compliance costs for such owners; and owners of small business concerns who are subject to an audit by the Internal Revenue Service.
A grant awarded under this section may not be in an amount less than $200,000. The Administrator may enter into a cooperative agreement or contract with the recipient of a grant under this section to provide additional assistance for the purposes described in subsection (a). Not later than 18 months after the date of receipt of a grant under this section, the recipient of the grant shall submit to the Administrator a report describing how the grant funds were used. Not later than 3 years after the date of the enactment of this Act, the Administrator shall submit to Congress a report that contains an evaluation of the grant program established under this section.
In this section: The term Administrator means the Administrator of the Small Business Administration. The term small business concern has the meaning given such term under section 3 of the Small Business Act ( 15 U.S.C. 632 ). The term small business development center has the meaning given such term in section 3 of the Small Business Act ( 15 U.S.C. 632 ). The term women’s business center means a women's business center described under section 29 of the Small Business Act ( 15 U.S.C. 656 ).
The Administrator may carry out this section only with amounts appropriated specifically to carry out this section under subsection (k). There is authorized to be appropriated to carry out this section $5,000,000 for each of fiscal years 2022 and 2023.
Connectionstraces to 2
Traces to 2 documents
Citation graph
cites case law
Sec. 14901
Grants to small business development centers and women’s business centers to address rising costs of tax compliance for small business concerns
Cites 2Cited by 0 across 0 sources