US HB1763 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Republican 24-0)
Status: Introduced on March 26 2009 - 25% progression, died in committee
Action: 2009-03-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 26 2009 - 25% progression, died in committee
Action: 2009-03-26 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Responsible Reinvestment Act of 2009 - Makes permanent the repeal of the estate tax. Amends the Internal Revenue Code to: (1) increase to $500,000 the maximum expensing allowance for depreciable business assets; (2) allow first-year expensing of manufacturing and agricultural property; (3) allow a 20% tax deduction for qualified small business income; (4) allow a deduction from self-employment income for health insurance, health savings account contributions, and simplified employee pension plan contributions; and (5) increase the limit on the tax deduction for contributions to a simplified employee pension plan.
Title
Responsible Reinvestment Act of 2009
Sponsors
Rep. Michele Bachmann [R-MN] | Rep. Roscoe Bartlett [R-MD] | Sen. Marsha Blackburn [R-TN] | Rep. Paul Broun [R-GA] |
Rep. Ken Calvert [R-CA] | Rep. Eric Cantor [R-VA] | Rep. Nathan Deal [R-GA] | Rep. Mary Fallin [R-OK] |
Rep. John Fleming [R-LA] | Rep. Gregg Harper [R-MS] | Rep. Doc Hastings [R-WA] | Rep. John Kline [R-MN] |
Rep. Doug Lamborn [R-CO] | Rep. Robert Latta [R-OH] | Rep. Frank Lucas [R-OK] | Rep. Blaine Luetkemeyer [R-MO] |
Rep. Donald Manzullo [R-IL] | Rep. Kenny Marchant [R-TX] | Rep. Tom McClintock [R-CA] | Rep. Ron Paul [R-TX] |
Rep. Joseph Pitts [R-PA] | Rep. Bill Posey [R-FL] | Rep. Mark Souder [R-IN] | Rep. John Sullivan [R-OK] |
History
Date | Chamber | Action |
---|---|---|
2009-03-26 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB6168 (Related) 2010-09-22 - Referred to the House Committee on Ways and Means.
Subjects
Business investment and capital
Employee benefits and pensions
Health care costs and insurance
Income tax deductions
Manufacturing
Small business
Taxation
Transfer and inheritance taxes
Employee benefits and pensions
Health care costs and insurance
Income tax deductions
Manufacturing
Small business
Taxation
Transfer and inheritance taxes
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/1763/all-info |
Text | https://www.congress.gov/111/bills/hr1763/BILLS-111hr1763ih.pdf |