US HB4211 | 2009-2010 | 111th Congress
Status
Sponsorship: Partisan Bill (Democrat 3)
Status: Introduced on December 3 2009 - 25% progression, died in committee
Action: 2009-12-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 3 2009 - 25% progression, died in committee
Action: 2009-12-03 - 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 revise the definition of "qualified nonrecourse financing" to include qualified nonrecourse real property or Small Business Investment Company financing as amounts at risk for purposes of determining the deductibility of losses from certain investment activities, including farming, leasing, and energy exploration.
Title
To amend the Internal Revenue Code of 1986 to treat nonrecourse small business investment company loans from the Small Business Administration as amounts at risk for purposes of determining the deduction for losses.
Sponsors
| Rep. Jay Inslee [D-WA] | Rep. Mike Thompson [D-CA] | Rep. Lynn Woolsey [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-12-03 | Referred to the House Committee on Ways and Means. |
Subjects
Business investment and capital
Government lending and loan guarantees
Income tax deductions
Small business
Taxation
Government lending and loan guarantees
Income tax deductions
Small business
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/4211/all-info |
| Text | https://www.congress.gov/111/bills/hr4211/BILLS-111hr4211ih.pdf |
