HR 4211
111th Congress
House
Taxation
Business investment and capital
Government lending and loan guarantees
Income tax deductions
Small business
To amend the Internal Revenue Code of 1986 to treat nonrecourse small business investment company loans from the Small Business Administration as amounts at risk for purposes of determining the deduction for losses.
Introduced: December 3, 2009
Introduced by:
Thompson, Mike
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 3, 2009
Referred to the House Committee on Ways and Means.
Dec 3, 2009
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to revise the definition of "qualified nonrecourse financing" to include qualified nonrecourse real property or Small Business Investment Company financing as amounts at risk for purposes of determining the deductibility of losses from certain investment activities, including farming, leasing, and energy exploration.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1