HR 4967
118th Congress
House
Taxation
To amend the Internal Revenue Code of 1986 to allow for deductions for the performance of certain services by a taxpayer, and for other purposes.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2023
Referred to the House Committee on Ways and Means.
Jul 27, 2023
Introduced in House
Plain-English summary
This bill allows a deduction from gross income (above-the-line deduction) for expenses incurred by an employee if such expenses are for construction tools, personal protective clothing and gear, and other expenses necessary for the employee to be able to work. This allowance is an exception to the general rule that employee expenses are not deductible business expenses.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1