S 1260 113th Congress Senate

HOME Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide a standard home office deduction.

Introduced: June 27, 2013 See on congress.gov

Taxation Business investment and capitalHousing finance and home ownershipIncome tax deductionsInflation and prices

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

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Latest action June 27, 2013

Read twice and referred to the Committee on Finance.

Plain-English summary Congressional Research Service

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.

Related & companion bills 1

Bill text 1 version