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H.R.9051

Small Business Succession Planning Act

Introduced·5/29/26

Small Business Succession Planning Act encourages small businesses to create succession plans.

The Small Business Succession Planning Act requires the Small Business Administration to create a program to help small businesses develop and implement succession plans. It includes developing a toolkit for small businesses to use, training resource partners, and educating small businesses about the program. The act also includes a tax credit for small businesses that establish and complete a succession plan.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Small Business Committee
Next
Committee decision

Sponsors

D
1
1
R
Democratic CaucusRepublican Caucus

History

May 29

House

Introduced in House

May 29

House

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.