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S 336 107th Congress Senate

Cash Accounting for Small Business Act of 2001

Official title: A bill to amend the Internal Revenue Code of 1986 to allow use of cash accounting method for certain small businesses.

Introduced: March 12, 2001 See on congress.gov
Taxation AccountingBusiness income taxCommerceCost of living adjustments
More subjectsShow fewer subjects
Economics and Public FinanceFinance and Financial SectorIncome taxIndexing (Economic policy)InventoriesService industriesSmall businessTax administration
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 14, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1421-1422)
Feb 14, 2001
Sponsor introductory remarks on measure. (CR S1420-1421)
Feb 14, 2001
Introduced in Senate
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 Latest action February 14, 2001

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1421-1422)

 Plain-English summary Congressional Research Service
Cash Accounting for Small Business Act of 2001 - Amends the Internal Revenue Code to prohibit an eligible taxpayer from being required to use an accrual method of accounting for a taxable year if the such taxpayer's average annual gross receipts for the preceding three-year period does not exceed $5 million (to be adjusted for inflation).

States that eligible small business taxpayers shall not be required to use inventories, and that property shall be treated as a material which is not incidental.

 Related & companion bills 1
  • HR 656 Identical bill Cash Accounting for Small Business Act of 2001
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Mar 12, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). S. 336: Cash Accounting for Small Business Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-S-336/
MLA
"S. 336: Cash Accounting for Small Business Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-336/.
Bluebook (legal)
S. 336, 107th Cong. (2026), https://openamerica.io/bill/107-S-336/.
Markdown link
[S. 336: Cash Accounting for Small Business Act of 2001](https://openamerica.io/bill/107-S-336/)
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