HR 4960 · 109th Congress · Taxation
Tax Fairness for Small Business Act of 2006
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2006-03-15)
Plain Language Summary
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Tax Fairness for Small Business Act of 2006 - Amends the Internal Revenue Code to allow an accelerated five-year amortization period for goodwill and other business intangibles acquired from certain small businesses (businesses whose average three-year gross receipts do not exceed $5 million) after December 31, 2005. Limits the amount eligible for such amortization to $5 million.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (11)
3 Democrats8 Republicans