Skip to main content
H.R. 2111 107th Congress House

Small Business Tax Fairness Act of 2001

Official title: To amend the Internal Revenue Code of 1986 to provide tax benefits for small businesses, to amend the Fair Labor Standards Act of 1938 to increase the minimum wage, and for other purposes.

Introduced: June 7, 2001 See on congress.gov
Taxation AccountingAgriculture and FoodAlcohol taxAlcoholic beverage industry
More subjectsShow fewer subjects
Alcoholic beveragesBeerBusiness income taxBusiness recordsCommerceCostsCrime and Law EnforcementDebtDepreciation and amortizationExpense accountsFarm incomeFarmersFinance and Financial SectorFines (Penalties)FisheriesForfeitureGovernment Operations and PoliticsGovernment paperworkHealthHealth insuranceHousing and Community DevelopmentIncome taxIndustrial development bondsInsurance premiumsLabor and EmploymentLawMarine and coastal resources, fisheriesMedical economicsMinimum taxMinimum wagesMortgage loansMortgagesPersonal income taxRetail tradeSelf-employedSmall businessTax administrationTax deductionsTax exclusionWholesale tradeWine
Sign in to write a letter Sign in to watch
This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 10, 2001
Referred to the Subcommittee on Workforce Protections.
Jun 7, 2001
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jun 7, 2001
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action August 10, 2001

Referred to the Subcommittee on Workforce Protections.

 Plain-English summary Congressional Research Service
Small Business Tax Fairness Act of 2001 - Amends the Internal Revenue Code, with respect to small businesses, to, among other things: (1) provide for the full deduction of the health insurance costs of self-employed individuals; (2) increase the expensing limitation; (3) increase the business meal deduction, including individuals subject to Federal hours of service limits; (4) exclude income averaging for farmers and fishermen from alternative minimum tax liability; (5) repeal occupational taxes relating to distilled spirits, wine, and beer; (6) provide for an accelerated phase-in of specified increases in the volume cap on private activity bonds; and (7) exclude, subject to limitation, from gross income the discharge of certain qualified residential indebtedness.

Minimum Wage Increase Act of 2001 - Amends the Fair Labor Standards Act of 1938 to increase the Federal minimum wage, as of September 1, 2001, and April 1, 2002, respectively.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2111: Small Business Tax Fairness Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-2111/
MLA
"H.R. 2111: Small Business Tax Fairness Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-2111/.
Bluebook (legal)
H.R. 2111, 107th Cong. (2026), https://openamerica.io/bill/107-HR-2111/.
Markdown link
[H.R. 2111: Small Business Tax Fairness Act of 2001](https://openamerica.io/bill/107-HR-2111/)
Report a problem