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HR 6601 110th Congress House Taxation Business expenses Business investment and capital Energy efficiency and conservation Income tax deductions Lighting and heating Lighting, heating, cooling Small business Telephone and wireless communication

Small Business Tax Modernization Act of 2008

Introduced: July 24, 2008 Introduced by: Velázquez, Nydia M. Democratic · New York See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 24, 2008
Referred to the House Committee on Ways and Means.
Jul 24, 2008
Introduced in House
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 Plain-English summary Congressional Research Service

Small Business Tax Modernization Act of 2008 - Amends Internal Revenue Code provisions affecting small business taxpayers to: (1) allow an alternative standard tax deduction for the business use of a personal residence and establish a de minimis standard for determining personal use; (2) repeal restrictions on the depreciation deduction for cellular telephones and similar telecommunications equipment; (3) allow nonresident aliens to be S corporation shareholders; (4) increase the limit on the tax deduction for business meals and entertainment expenses; and (5) allow accelerated depreciation for energy-efficient heating, ventilation, air conditioning, or commercial refrigeration systems installed in nonresidential and residential rental buildings before January 1, 2012.

What's happening now July 24, 2008

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Moore, Gwen
Wisconsin · Jul 30, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6601: Small Business Tax Modernization Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-6601/
MLA
"H.R. 6601: Small Business Tax Modernization Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-6601/.
Bluebook (legal)
H.R. 6601, 110th Cong. (2026), https://openamerica.io/bill/110-HR-6601/.
Markdown link
[H.R. 6601: Small Business Tax Modernization Act of 2008](https://openamerica.io/bill/110-HR-6601/)
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