US SB290 | 2017-2018 | 115th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on February 2 2017 - 25% progression, died in committee
Action: 2017-02-02 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

HOME Act Helping Our Middle-Class Entrepreneurs Act This bill amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. The bill provides for an inflation adjustment to the standard deduction amount in calendar years beginning after 2017.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

HOME Act Helping Our Middle-Class Entrepreneurs Act

Sponsors


History

DateChamberAction
2017-02-02SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB836 (Same As) 2017-02-02 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

feedback