US Congress Senate Bill 1801 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on November 3 2011 - 25% progression, died in committee
Action: 2011-11-03 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7129-7131)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Small Business Jobs Tax Extenders Act of 2011 - Amends the Internal Revenue Code to extend for one year certain tax expenditures for small businesses, including: (1) the 100% exclusion from gross income of gain from the sale or exchange of qualified small business stock, (2) the five-year carryback of tax credit amounts of eligible small businesses, (3) increased expensing and accelerated depreciation allowances, (4) the increased tax deduction for business start-up expenses, and (5) the tax deduction allowed for the health insurance costs of self-employed individuals. Exempts from the requirement to purchase health insurance under the Patient Protection and Affordable Care Act an indivdual whose required contribution (determined on an annual basis) for coverage for a month exceeds 5% (currently 8%) of such individual's household income for the taxable year.

Small Business Jobs Tax Extenders Act of 2011

Sen. Olympia Snowe [R-ME]

Date	Chamber	Action
2011-11-03	Senate	Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7129-7131)
2011-11-03	Senate	Sponsor introductory remarks on measure. (CR S7128-7129)

HB3476 (Related) 2012-01-12 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
SB1866 (Related) 2011-11-16 - Sponsor introductory remarks on measure. (CR S7594-7596)
SB1873 (Related) 2011-11-15 - Read twice and referred to the Committee on Finance.
SB2050 (Related) 2012-01-31 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S211-212)

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/1801/all-info
Text	https://www.congress.gov/112/bills/s1801/BILLS-112s1801is.pdf