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Bill > HR206


US HR206

US HR206
To amend the Internal Revenue Code of 1986 to prevent pending tax increases, and for other purposes.


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

112th Congress

Bill Summary

Makes permanent: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001; and (2) the reductions in tax rates for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Amends the Internal Revenue Code to make permanent: (1) the tax deductions for state and local sales taxes and for tuition and related expenses; and (2) the increased expensing allowance (i.e., $125,000) for depreciable business assets, including computer software.

Committee Categories

Budget and Finance

Sponsors (32)

Last Action

Referred to the House Committee on Ways and Means. (on 01/06/2011)

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