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S 1867 106th Congress Senate

Small Business Tax Reduction Act of 1999

Official title: A bill to amend the Internal Revenue Code of 1986 to provide a tax reduction for small businesses, and for other purposes.

Introduced: November 8, 1999 See on congress.gov
Taxation Administrative procedureAgriculture and FoodAnimalsBuilding construction
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Business income taxBusiness lossesCommerceCostsDay careDefined benefit pension plansDepartment of the TreasuryDepreciation and amortizationEconomics and Public FinanceEducationElementary and secondary educationElementary schoolsEmployee rightsEmployment tax creditsEnterprise zonesEnvironmental ProtectionEstate taxFamiliesFamily enterprisesFamily farmsFarm incomeFarmersFederal preemptionFinance and Financial SectorGovernment Operations and PoliticsHabitat conservationHealthHealth insuranceHousing and Community DevelopmentIdentification devicesIncome taxIndividual retirement accountsInformation technologyInsurance premiumsIntergovernmental tax relationsLabor and EmploymentLawLicensesLoansLocal lawsLow-income housingMinimum taxPartnershipsPayroll deductionsPension fundsPension trust guaranty insurancePersonal income taxPublic Lands and Natural ResourcesSchool buildingsScience, Technology, CommunicationsSecondary educationSelf-employedSmall businessSocial WelfareSocial security taxesState lawsTax administrationTax creditsTax deductionsTax exclusionTax returnsTax-deferred compensation plansTax-exempt securitiesTaxpayersTechnical educationUrban affairsUser chargesWagesWelfare-to-workWildlife conservation
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action November 5, 1999

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service
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.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Murray, Patty
Washington · Nov 8, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1867: Small Business Tax Reduction Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-S-1867/
MLA
"S. 1867: Small Business Tax Reduction Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-1867/.
Bluebook (legal)
S. 1867, 106th Cong. (2026), https://openamerica.io/bill/106-S-1867/.
Markdown link
[S. 1867: Small Business Tax Reduction Act of 1999](https://openamerica.io/bill/106-S-1867/)
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