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H.R. 546 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: February 8, 2001 See on congress.gov
Taxation AccidentsAccountingAdministrative procedureAgriculture and Food
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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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 13, 2001
See H.R.1836.
Mar 29, 2001
Referred to the Subcommittee on Workforce Protections.
Feb 8, 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.
Feb 8, 2001
Introduced in House
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 Latest action August 13, 2001

See H.R.1836.

 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 pension plan limits on benefits and contributions; (4) permit pension catchup contributions for individuals age 50 or over; (5) provide for rollovers among various kinds of pension plans; (6) revise the pension liability funding limit; (7) impose an excise tax on a pension plan for failing to give notice to participants of any plan amendment providing for a significant reduction in the rate of future benefit accrual; (8) provide for estate and gift tax relief; (9) increase, and temporarily suspend, the limitation on the maximum amount of amortizable reforestation expenditures; (10) provide for an accelerated phase-in of specified increases in the volume cap on private activity bonds; and (11) 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, subject to stated exceptions for certain computer professionals, sales employees, and funeral directors.

 Related & companion bills 1
  • HR 1836 Procedurally related Economic Growth and Tax Relief Reconciliation Act of 2001
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
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APA
U.S. Congress. (2026). H.R. 546: Small Business Tax Fairness Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-546/
MLA
"H.R. 546: Small Business Tax Fairness Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-546/.
Bluebook (legal)
H.R. 546, 107th Cong. (2026), https://openamerica.io/bill/107-HR-546/.
Markdown link
[H.R. 546: Small Business Tax Fairness Act of 2001](https://openamerica.io/bill/107-HR-546/)
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