I 
111TH CONGRESS 
2D SESSION 
H. R. 5277 
To amend the Internal Revenue Code of 1986 to allow a business credit 
for small business loans. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 11, 2010 
Mr. WILSON of Ohio introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to allow a 
business credit for small business loans. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Small Business Lend-
ing Incentive Program Act of 2010’’. 
SEC. 2. CREDIT FOR SMALL BUSINESS LOANS. 
(a) IN GENERAL.—Subpart D of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 (relating to business related credits) is amended by 
adding at the end the following new section: 
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‘‘SEC. 45S. SMALL BUSINESS LOANS. 
‘‘(a) GENERAL RULE.—For purposes of section 38, 
the small business loan credit for any taxable year is an 
amount equal to 1 percent of aggregate qualified loans 
made during the taxable year. 
‘‘(b) LIMITATION.—The number of qualified loans 
taken into account under subsection (a) for a taxable year 
may not exceed 20. 
‘‘(c) DEFINITIONS.—For purposes of this section— 
‘‘(1) QUALIFIED
LOAN.—The term ‘qualified 
loan’ means a loan made by an eligible bank to a 
small business concern, the principal amount of 
which does not exceed $500,000. 
‘‘(2) SMALL
BUSINESS
CONCERN.—The term 
‘small business concern’ has the same meaning as 
such term has under section 3 of the Small Business 
Act (15 U.S.C. 632). 
‘‘(3) ELIGIBLE BANK.—The term ‘eligible bank’ 
means a bank the total assets of which at the close 
of the preceding taxable year do not exceed 
$10,000,000,000. 
‘‘(4) BANK.—The term ‘bank’ means— 
‘‘(A) a bank (as defined in section 581), 
‘‘(B) a bank holding company (as defined 
in section 2(a) of the Bank Holding Company 
Act of 1956 (12 U.S.C. 1841(a))), 
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‘‘(C) a savings association (as defined in 
section 3(b) of the Federal Deposit Insurance 
Act (12 U.S.C. 1813)), and 
‘‘(D) a savings and loan holding company 
(as defined in section 10(a)(1)(D) of the Home 
Owners Loan Act). 
‘‘(d) TERMINATION.—This section shall not apply to 
loans made after the first 2 taxable years beginning on 
the date of the enactment of this section.’’. 
(b) CREDIT ALLOWED AS PART OF GENERAL BUSI-
NESS CREDIT.—Section 38(b) of such Code (defining cur-
rent year business credit) is amended by striking ‘‘plus’’ 
at the end of paragraph (34), by striking the period at 
the end of paragraph (35) and inserting ‘‘, plus’’, and by 
adding at the end the following new paragraph: 
‘‘(37) the small business loan credit determined 
under section 45S.’’. 
(c) CONFORMING AMENDMENT.—The table of sec-
tions for subpart D of part IV of subchapter A of chapter 
1 of such Code is amended by adding at the end the fol-
lowing new item: 
‘‘Sec. 45S. Small business loans.’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
the date of enactment of this Act. 
Æ 
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