HR 6168 · 111th Congress · Taxation
To amend the Internal Revenue Code of 1986 to allow a deduction for certain small business income.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2010-09-22)
Plain Language Summary
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Amends the Internal Revenue Code to allow a small business that employs 500 or fewer employees a tax deduction in 2010 and 2011 for 20% of the lesser of its qualified small business income or its taxable income. Defines "qualified small business income" to include income which is from sources within the United States and which is not passive income.…
Summarized by Claude AI · Non-partisan · For informational purposes only