HR 206
112th Congress
House
Taxation
Business investment and capital
Capital gains tax
General taxation matters
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: January 6, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 6, 2011
Referred to the House Committee on Ways and Means.
Jan 6, 2011
Introduced in House
Plain-English summary
Makes permanent: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001; and (2) the reductions in tax rates for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003.
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, including computer software.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1