HR 5126 · 110th Congress · Taxation

Family Security and Small Business Stimulus Act of 2008

Introduced 2008-01-23· Sponsored by Rep. Knollenberg, Joe [R-MI-9]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Income Security and Family Support.(2008-01-28)

Plain Language Summary

[AI summary unavailable — showing source text] Family Security and Small Business Stimulus Act of 2008 - Amends the Internal Revenue Code to: (1) allow a reduced 5% income tax rate on taxable income for low-income taxpayers; (2) allow an advance refund in 2008 for the reduction in the tax rate; and (3) increase to $375,000 between 2008 and 2010 the expensing allowance for small business depreciable assets.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. Souder, Mark E. [R-IN-3]IN