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]
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.
Title
To amend the Internal Revenue Code of 1986 to prevent pending tax increases, and for other purposes.
Sponsors
Rep. Randy Neugebauer [R-TX] | Rep. Roscoe Bartlett [R-MD] | Rep. Joe Barton [R-TX] | Rep. Rob Bishop [R-UT] |
Rep. Paul Broun [R-GA] | Rep. Michael Burgess [R-TX] | Rep. Dan Burton [R-IN] | Rep. Jason Chaffetz [R-UT] |
Rep. Mike Coffman [R-CO] | Rep. Eric Crawford [R-AR] | Rep. Jeff Duncan [R-SC] | Rep. Virginia Foxx [R-NC] |
Rep. Scott Garrett [R-NJ] | Rep. Tim Huelskamp [R-KS] | Rep. Duncan Hunter [R-CA] | Rep. Bill Johnson [R-OH] |
Rep. Steve King [R-IA] | Rep. Doug Lamborn [R-CO] | Rep. Robert Latta [R-OH] | Rep. Kenny Marchant [R-TX] |
Rep. Michael McCaul [R-TX] | Rep. Tom McClintock [R-CA] | Rep. Howard McKeon [R-CA] | Rep. David McKinley [R-WV] |
Rep. Cathy McMorris Rodgers [R-WA] | Rep. Jeff Miller [R-FL] | Rep. Ron Paul [R-TX] | Rep. Ted Poe [R-TX] |
Rep. James Renacci [R-OH] | Rep. Michael Simpson [R-ID] | Rep. Cliff Stearns [R-FL] | Rep. Tim Walberg [R-MI] |
History
Date | Chamber | Action |
---|---|---|
2011-01-06 | House | Referred 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
Business investment and capital
Capital gains tax
General taxation matters
Higher education
Income tax credits
Income tax deductions
Income tax rates
Sales and excise taxes
Small business
State and local taxation
Student aid and college costs
Tax treatment of families
Taxation
Transfer and inheritance taxes
Capital gains tax
General taxation matters
Higher education
Income tax credits
Income tax deductions
Income tax rates
Sales and excise taxes
Small business
State and local taxation
Student aid and college costs
Tax treatment of families
Taxation
Transfer and inheritance taxes
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/206/all-info |
Text | https://www.congress.gov/112/bills/hr206/BILLS-112hr206ih.pdf |