S 1260
113th Congress
Senate
Taxation
Business investment and capital
Housing finance and home ownership
Income tax deductions
Inflation and prices
HOME Act
Introduced: June 27, 2013
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 27, 2013
Read twice and referred to the Committee on Finance.
Jun 27, 2013
Introduced in Senate
Plain-English summary
Helping Our Middle-Class Entrepreneurs Act or the HOME Act - Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1