HR 4840 108th Congress House Taxation Accounting Commerce Corporation taxes Cost of living adjustments Depreciation and amortization Economics and Public Finance Finance and Financial Sector Income tax Indexing (Economic policy) Small business Tax deductions Tax simplification

Tax Simplification for America's Job Creators Act of 2004

Introduced: July 15, 2004 See on congress.gov

Everywhere this bill has been 11 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Sep 7, 2004

Read twice and referred to the Committee on Finance.

Jul 22, 2004

Received in the Senate.

Jul 21, 2004

Motion to reconsider laid on the table Agreed to without objection.

Jul 21, 2004

On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 424 - 0 (Roll no. 405). (text: CR H6475-6477)

Jul 21, 2004

Considered as unfinished business. (consideration: CR H6497)

Jul 21, 2004

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

Jul 21, 2004

DEBATE - The House proceeded with forty minutes of debate on H.R. 4840.

Jul 21, 2004

Considered under suspension of the rules. (consideration: CR H6475-6483)

Jul 21, 2004

Mr. Portman moved to suspend the rules and pass the bill.

Jul 15, 2004

Referred to the House Committee on Ways and Means.

Jul 15, 2004

Introduced in House

Votes taken on this bill 1

Date	Chamber	What was voted on	Result	Yes–No
Jul 21, 2004	House · vote #405	On Motion to Suspend the Rules and Pass	Passed	424–0	See who voted →

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Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Tax Simplification for America's Job Creators Act of 2004 - Amends the Internal Revenue Code to extend for two additional years (through 2007): (1) the increased expensing (up to $100,000) of small business assets; (2) the increase (to $400,000) in the cost limitation for property eligible for expensing; and (3) the inflation adjustments for the increased expensing amount and the limitation amount.

Allows an inflation adjustment, beginning in 2004, of the $5 million gross receipts test amount used to determine eligibility for the cash method of accounting.

Repeals or amends certain expired or inoperative provisions of the Internal Revenue Code. Enacts a savings provision to prevent changes in tax liability resulting from repeals or amendments made by this Act for periods ending after the date of enactment of this Act.

What's happening now September 7, 2004

Read twice and referred to the Committee on Finance.

Bill text 3 versions

Engrossed in House Formatted Text PDF
Introduced in House Formatted Text PDF
Referred in Senate Formatted Text PDF

Source documents hosted by congress.gov.

Committees of jurisdiction 2

Ways and Means Committee
House of Representatives
Finance Committee
Senate

Cosponsors 1

Wilson, Joe

South Carolina · Jul 15, 2004

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 4840: Tax Simplification for America's Job Creators Act of 2004. 108th Congress. Open America. https://openamerica.io/bill/108-HR-4840/

MLA

"H.R. 4840: Tax Simplification for America's Job Creators Act of 2004." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-4840/.

Bluebook (legal)

H.R. 4840, 108th Cong. (2026), https://openamerica.io/bill/108-HR-4840/.

Markdown link

[H.R. 4840: Tax Simplification for America's Job Creators Act of 2004](https://openamerica.io/bill/108-HR-4840/)