HR 4960
109th Congress
House
Taxation
Commerce
Corporate mergers
Depreciation and amortization
Estates (Law)
Income tax
Intangible property
Law
Small business
Tax deductions
Tax Fairness for Small Business Act of 2006
Introduced: March 15, 2006
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 15, 2006
Referred to the House Committee on Ways and Means.
Mar 15, 2006
Introduced in House
Plain-English summary
Tax Fairness for Small Business Act of 2006 - Amends the Internal Revenue Code to allow an accelerated five-year amortization period for goodwill and other business intangibles acquired from certain small businesses (businesses whose average three-year gross receipts do not exceed $5 million) after December 31, 2005. Limits the amount eligible for such amortization to $5 million.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1