Bill

BILL • US SENATE

S 798

Capital Gains Inflation Relief Act of 2025

119th Congress
Introduced by Ted Cruz, Thom Tillis,

Bill S 798 promotes local small businesses on the historic registry, enhancing visibility and support to boost community pride, tourism, and economic growth.

Introduced in Senate
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Bill Summary • S 798

Summary of Bill S 798

Bill Information

  • Bill Number: S 798
  • Title: Relates to the promotion of local small businesses listed on the registry of historic businesses
  • Status: Substituted by A 432
  • Introduced: January 08, 2025
  • Classification: Bill

Purpose and Intent

Bill S 798 aims to enhance the visibility and support for local small businesses that are recognized on the registry of historic businesses. The intent is to promote these businesses as vital components of the community's cultural heritage and economic landscape, thereby encouraging local patronage and tourism.

Key Provisions

While the specific text of the bill is not provided, the following key provisions can be inferred based on the title and legislative intent:

  • Promotion Initiatives: The bill likely includes measures to promote businesses listed on the historic registry through marketing campaigns, events, or partnerships with local organizations.
  • Support Mechanisms: It may propose financial incentives, grants, or resources aimed at helping these businesses thrive, particularly in areas such as preservation, renovation, or operational support.
  • Community Engagement: The bill may encourage community involvement in supporting these businesses, possibly through volunteer programs or local events that highlight their historical significance.

Affected Parties

  • Local Small Businesses: The primary beneficiaries of this bill would be small businesses that are recognized on the registry of historic businesses. These businesses often face unique challenges and may benefit from increased visibility and support.
  • Local Communities: Residents and visitors in the area may experience enhanced cultural and economic activity as a result of the promotion of these businesses.
  • Tourism Sector: The bill could positively impact local tourism by attracting visitors interested in historical sites and local commerce.

Legislative Timeline

  • January 08, 2025: Bill S 798 was introduced and referred to the Rules Committee.
  • January 13, 2025: The bill was ordered to third reading, indicating it was moving forward in the legislative process.
  • January 28, 2025: The bill was substituted by A 432, which means that the provisions of S 798 were incorporated into a companion bill for further consideration.

Related Bills

  • A 432: This is the companion bill that has substituted S 798. It is important for stakeholders to review A 432 for the latest developments and provisions that may have originated from S 798.

In summary, Bill S 798 represents an effort to bolster local small businesses with historical significance, fostering community pride and economic growth through targeted support and promotion.

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Key Provisions Impacts Timeline
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