Small Business Tax Fairness Act of 2000

[AI summary unavailable — showing source text] Small Business Tax Fairness Act of 2000 - Title I: Small Business Provisions - Amends the Internal Revenue Code (the Code) to increase a self-employed individual's deduction for the health insurance costs of self and family to 100 percent. Denies such deduction only for any month the individual actually participates in an employer-subsidized health plan (currently, for any month the individual is eligible to participate). (Sec. 102) Increases to $30,000 the aggregate cost taken into account for the option to expense certain depreciable business assets of small businesses. (Sec. 103) Increases from 50 percent to: (1) 60 percent in 2000 and 55 percent for taxable years beginning in 2001 the deduction for meal and entertainment expenses; and (2) 80 percent the deduction of business meal expenses for individuals subject to Federal limitations on hours of service. (Sec. 105) Amends the Code to: (1) extend income averaging to income from the trade or business of catching, taking, or harvesting fish intended to enter commerce through sale, barter, or trade; and (2) disregard income averaging for farmers and commercial fishermen in computing the regular alternative minimum tax. (Sec. 106) …