US HB660 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Republican 9-0)
Status: Introduced on February 11 2011 - 25% progression, died in committee
Action: 2011-02-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 11 2011 - 25% progression, died in committee
Action: 2011-02-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Jumpstarting Our Business Sector Act of 2011 - Amends the Internal Revenue Code to: (1) eliminate the corporate income tax and the tax on the capital gains of individuals and corporations; and (2) extend for one year the additional depreciation allowance for business and investment assets (bonus depreciation), the 100% expensing allowance for such assets, and the election to accelerate the alternative minimum tax (AMT) credit in lieu of bonus depreciation.
Title
Jumpstarting Our Business Sector Act of 2011
Sponsors
| Rep. Paul Broun [R-GA] | Rep. John Fleming [R-LA] | Rep. Trent Franks [R-AZ] | Rep. Louie Gohmert [R-TX] |
| Rep. Doug Lamborn [R-CO] | Rep. Billy Long [R-MO] | Rep. Kenny Marchant [R-TX] | Rep. Jean Schmidt [R-OH] |
| Rep. Lynn Westmoreland [R-GA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-02-11 | House | Referred to the House Committee on Ways and Means. |
| 2011-02-11 | House | Sponsor introductory remarks on measure. (CR E214) |
Subjects
Business investment and capital
Capital gains tax
Corporate finance and management
Income tax deductions
Income tax rates
Taxation
Capital gains tax
Corporate finance and management
Income tax deductions
Income tax rates
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/660/all-info |
| Text | https://www.congress.gov/112/bills/hr660/BILLS-112hr660ih.pdf |
