US HB6168 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on September 22 2010 - 25% progression, died in committee
Action: 2010-09-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 22 2010 - 25% progression, died in committee
Action: 2010-09-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to allow a small business that employs 500 or fewer employees a tax deduction in 2010 and 2011 for 20% of the lesser of its qualified small business income or its taxable income. Defines "qualified small business income" to include income which is from sources within the United States and which is not passive income.
Title
To amend the Internal Revenue Code of 1986 to allow a deduction for certain small business income.
Sponsors
| Rep. Dave Camp [R-MI] | Rep. Eric Cantor [R-VA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2010-09-22 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB1763 (Related) 2009-03-26 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/6168/all-info |
| Text | https://www.congress.gov/111/bills/hr6168/BILLS-111hr6168ih.pdf |
