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]

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.

Tracking Information

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Title

Responsible Reinvestment Act of 2009

Sponsors


History

DateChamberAction
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


US Congress State Sources


Bill Comments

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