S 1867
106th Congress
Senate
Taxation
Administrative procedure
Agriculture and Food
Animals
Building construction
Business income tax
Business losses
Commerce
Costs
Day care
Defined benefit pension plans
Department of the Treasury
Depreciation and amortization
Economics and Public Finance
Education
Elementary and secondary education
Elementary schools
Employee rights
Employment tax credits
Enterprise zones
Small Business Tax Reduction Act of 1999
Introduced: November 5, 1999
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 5, 1999
Read twice and referred to the Committee on Finance.
Nov 5, 1999
Introduced in Senate
Plain-English summary
Small Business Tax Reduction Act - Amends the Internal Revenue Code to provide a variety of tax credits, deductions, and incentives for small businesses, including: (1) the full deduction of health insurance costs for the self-employed; (2) a limited credit for employer-provided child care; (3) increased retirement and pension plan tax benefits; (4) an increase in the expensing limitation; (5) a limited new markets tax credit; (6) a limited credit for information technology training program expenses; (7) educational incentives; (8) extending the work opportunity and welfare-to-work credit; (9) an increased estate tax deduction for family-owned businesses; and (10) permitting the disclosure of taxpayer identity information to a State for the purpose of carrying out a combined Federal and State employment tax reporting program.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1