S 1507
107th Congress
Senate
Taxation
Agricultural labor
Agriculture and Food
Aquaculture
Authorization
Biotechnology
Business income tax
Capital gains tax
Collection of accounts
Commerce
Crime and Law Enforcement
Depreciation and amortization
Depressed areas
Dislocated workers
Economics and Public Finance
Employment of the disadvantaged
Enterprise zones
Families
Federal-state relations
Fraud
Small Business Growth and Worker Assistance Act of 2001
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 4, 2001
Read twice and referred to the Committee on Finance.
Oct 4, 2001
Introduced in Senate
Plain-English summary
Small Business Growth and Worker Assistance Act of 2001 - Amends the Internal Revenue Code to: (1) increase (from 50 to 75 percent) the partial exclusion for gain from certain small business stock and reduce ( from five to three years) the required holding period for such stock, provide for doubling the cap on eligible gain from small business stock dispositions for a joint return, and make other modifications affecting small business taxes; (2) put retail restaurant facilities in the 15 year ACRS depreciation recovery period; and (3) increase the amount of depreciable business assets that may be expensed.
Provides for a program of temporary emergency unemployment compensation.
Amends the Workforce Investment Act of 1998 to authorize a specified amount of appropriations for FY 2002 and such sums as may be necessary for FY 2003 for: (1) youth activities; (2) adult employment and training activities; and (3) dislocated worker employment and training activities.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1