US HB206 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Republican 32-0)
Status: Introduced on January 6 2011 - 25% progression, died in committee
Action: 2011-01-06 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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.

Tracking Information

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Title

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

Sponsors


History

DateChamberAction
2011-01-06HouseReferred to the House Committee on Ways and Means.

Same As/Similar To

HB6663 (Related) 2012-12-13 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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