Skip to main content
HR 4643 112th Congress House

Small Business Tax Simplification Act

Official title: To amend the Internal Revenue Code of 1986 to expand the availability of the cash method of accounting for small businesses, and for other purposes.

Introduced: June 28, 2012 See on congress.gov
Taxation Accounting and auditingSmall businessTax administration and collection, taxpayers
Sign in to write a letter Sign in to watch
This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 25, 2012
Referred to the House Committee on Ways and Means.
Apr 25, 2012
Sponsor introductory remarks on measure. (CR H2108)
Apr 25, 2012
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action April 25, 2012

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Small Business Tax Simplification Act - Amends the Internal Revenue Code to exempt certain small business taxpayers from the requirements of using the accrual method of accounting and of using inventories. Allows such taxpayers to use a cash method of accounting if they meet the gross receipts test and are not engaged in farming as a corporation. Increases the amount of the gross receipts test to $10 million (currently, $5 million) and permits an annual inflation adjustment of that amount.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 12
All 12 Democratic 3 Republican 1
R
Walberg, Tim
Michigan · Oct 26, 2012
Hanabusa, Colleen
· Sep 25, 2012
Yoder, Kevin
· Jul 10, 2012
 D
Smith, Adam
Washington · Jun 28, 2012
Long, Billy
· May 16, 2012
 D
Neal, Richard E.
Massachusetts · May 16, 2012
Roskam, Peter
· May 8, 2012
MYRICK, SUE
· May 7, 2012
Gerlach, Jim
· Apr 26, 2012
HERGER, WALLY
· Apr 26, 2012
Jenkins, Lynn
· Apr 26, 2012
 D
Thompson, Mike
California · Apr 25, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4643: Small Business Tax Simplification Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-4643/
MLA
"H.R. 4643: Small Business Tax Simplification Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-4643/.
Bluebook (legal)
H.R. 4643, 112th Cong. (2026), https://openamerica.io/bill/112-HR-4643/.
Markdown link
[H.R. 4643: Small Business Tax Simplification Act](https://openamerica.io/bill/112-HR-4643/)
Report a problem