US HB4746 | 2009-2010 | 111th Congress
Status
Sponsorship: Partisan Bill (Republican 77)
Status: Introduced on March 3 2010 - 25% progression, died in committee
Action: 2010-03-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 3 2010 - 25% progression, died in committee
Action: 2010-03-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Repeals: (1) provisions in the Economic Growth and Tax Relief Reconciliation Act of 2001 terminating tax reductions made by such Act after December 31, 2010; and (2) the provision in the Jobs and Growth Tax Relief Reconciliation Act of 2003 terminating after 2008 reductions in tax rates on dividends and net capital gain. 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.
Title
To amend the Internal Revenue Code of 1986 to prevent pending tax increases, and for other purposes.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-03-03 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB301 (Related) 2009-01-13 - Sponsor introductory remarks on measure. (CR H187-188)
Subjects
Business investment and capital
Capital gains tax
Financial services and investments
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
Financial services and investments
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/111th-congress/house-bill/4746/all-info |
| Text | https://www.congress.gov/111/bills/hr4746/BILLS-111hr4746ih.pdf |
