# 119-hr-9051: Small Business Succession Planning Act

119-hr-9051, Small Business Succession Planning Act, is a 119th Congress bill sponsored by Rep. Crow, Jason [D-CO-6] (D-CO); status introduced; PRIA reads it as touching household money (as of 2026-07-02).

- Canonical: https://policyrisk.com/legislation/119-hr-9051
- As of: 2026-07-02
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9051
- Congress: 119
- Title: Small Business Succession Planning Act
- Status: introduced
- Introduced: 2026-05-29
- Sponsor: Rep. Crow, Jason [D-CO-6] (D-CO)
- Cosponsors: 1
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-07-02

## Summary

**Helps small businesses plan and pass ownership to the next generation by pairing SBA-run training and counseling with a small tax credit.** The bill would create an SBA program that gives a public toolkit, trains local resource partners, and offers a $250 tax credit for establishing a succession plan plus $250 when a certified succession is completed. - Small business owners: Would get a toolkit, counseling in every SBA district office, and workshops. Owners could claim a $250 credit when they set up a certified succession plan and another $250 when a certified succession is completed, subject to recapture rules within 3 years. - Resource partners and local SBA offices: Would receive training and must each have an employee dedicated to counseling businesses on succession planning to improve takeup and use of the toolkit. - Socially and economically disadvantaged small business owners: The SBA would submit a 120-day plan to Congress on how to increase succession-plan use among disadvantaged owners. *Authorizes appropriations to the SBA as necessary for fiscal years 2026 through 2031 to run the program.*

## Cosponsors (1)

- Rep. Garbarino, Andrew R. [R-NY-2] (R-NY), 2026-05-29T00:00:00.000Z

## Provisions PRIA read

- Small business succession help and funding: benefit, medium. This bill would require the SBA to make and post a step-by-step toolkit to help small businesses create and carry out succession plans. The SBA would train local resource partners and must place a staff member in every SBA district office and in each partner group to give counseling in person or vi…
- Small business succession tax credit: mixed, high. If enacted, small businesses would be able to claim a $250 tax credit in the first taxable year the SBA certifies they established an eligible succession plan. They would also be able to claim a separate $250 credit in the first taxable year the SBA certifies they completed a certified succession,…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-7973: Momnibus Act
- 119-hr-2086: Rights for the TSA Workforce Act
- 119-hr-4206: CONNECT for Health Act of 2025

## Sources
- [119-hr-9051 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9051)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-2086: Rights for the TSA Workforce Act](https://policyrisk.com/legislation/119-hr-2086)
- [119-hr-4206: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-hr-4206)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9051 (as of 2026-07-02).