S 540
107th Congress
Senate
Taxation
Armed Forces and National Security
Armed forces reserves
Commerce
Costs
Employment tax credits
Expense accounts
Income tax
Labor and Employment
Personal income tax
Self-employed
Tax deductions
Reserve Component Tax Assistance Act of 2001
Introduced: March 15, 2001
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 15, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2390-2392)
Mar 15, 2001
Sponsor introductory remarks on measure. (CR S2390)
Mar 15, 2001
Introduced in Senate
Plain-English summary
Reserve Component Tax Assistance Act of 2001 - Amends the Internal Revenue Code to allow as a business or trade deduction the expenses of a member of the reserve component of the U.S. armed forces in connection with such service. Makes such deduction available to itemizers and non-itemizers.
Establishes related reserve component business-related employment and self-employment credits.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2390-2392)
Committees of jurisdiction
1