US HB4779 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 4 2010 - 25% progression, died in committee
Action: 2010-03-04 - 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 4 2010 - 25% progression, died in committee
Action: 2010-03-04 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Small Business Jobs and Tax Relief Act of 2010 - Amends the Internal Revenue Code to: (1) extend through 2011 bonus depreciation for certain depreciable business property; (2) extend through 2010 the election to accelerate the alternative minimum tax (AMT) and research tax credits in lieu of bonus depreciation; (3) increase in 2010, 2011, and 2012, the tax deduction for business start-up expenditures; (4) remove restrictions on the tax deduction for employee use of cellular telephones; (5) revise the definition of "qualified nonrecourse financing" to include qualified nonrecourse real property or Small Business Investment Company financing as amounts at risk for purposes of determining the deductibility of losses from certain investment activities, including farming, leasing, and energy exploration; and (6) allow a 100% exclusion from gross income in 2010 of gain from the sale of qualified small business stock.
Title
Small Business Jobs and Tax Relief Act of 2010
Sponsors
Sen. Jerry Moran [R-KS] | Rep. Earl Pomeroy [D-ND] |
History
Date | Chamber | Action |
---|---|---|
2010-03-04 | Referred to the House Committee on Ways and Means. |
Subjects
Business investment and capital
Capital gains tax
Financial services and investments
Income tax credits
Income tax deductions
Income tax exclusion
Research and development
Securities
Small business
Taxation
Telephone and wireless communication
Capital gains tax
Financial services and investments
Income tax credits
Income tax deductions
Income tax exclusion
Research and development
Securities
Small business
Taxation
Telephone and wireless communication
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/4779/all-info |
Text | https://www.congress.gov/111/bills/hr4779/BILLS-111hr4779ih.pdf |