S 327
104th Congress
Senate
Taxation
Commerce
Costs
Home labor
Income tax
Inventories
Labor and Employment
Sales personnel
Sales promotion
Storage
Tax deductions
Home Office Deduction Act of 1995
Introduced: February 1, 1995
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 19, 1995
Subcommittee on Taxation & IRS Oversight. Hearings held.
Feb 1, 1995
Read twice and referred to the Committee on Finance.
Feb 1, 1995
Sponsor introductory remarks on measure. (CR S1958-1959)
Feb 1, 1995
Introduced in Senate
Plain-English summary
Home Office Deduction Act of 1995 - Amends the Internal Revenue Code to provide that a home office qualifies as the principal place of business if: (1) the office is the location where the taxpayer's essential administrative or management activities are conducted on a regular and systematic (and not incidental) basis by the taxpayer; and (2) the office is necessary because the taxpayer has no other location for the performance of the essential administrative or management activities of the business.
Treats the storage of product samples as inventory for deduction purposes.
What's happening now
Subcommittee on Taxation & IRS Oversight. Hearings held.
Committees of jurisdiction
2
Cosponsors
1