HR 4746
111th Congress
House
Taxation
Business investment and capital
Capital gains tax
Financial services and investments
Higher education
Income tax credits
Income tax deductions
Income tax rates
Sales and excise taxes
Small business
State and local taxation
Student aid and college costs
Tax treatment of families
Transfer and inheritance taxes
To amend the Internal Revenue Code of 1986 to prevent pending tax increases, and for other purposes.
Introduced: March 3, 2010
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 3, 2010
Referred to the House Committee on Ways and Means.
Mar 3, 2010
Introduced in House
Plain-English summary
Repeals: (1) provisions in the Economic Growth and Tax Relief Reconciliation Act of 2001 terminating tax reductions made by such Act after December 31, 2010; and (2) the provision in the Jobs and Growth Tax Relief Reconciliation Act of 2003 terminating after 2008 reductions in tax rates on dividends and net capital gain.
Amends the Internal Revenue Code to make permanent: (1) the tax deductions for state and local sales taxes and for tuition and related expenses; and (2) the increased expensing allowance (i.e., $125,000) for depreciable business assets.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1