S 1260 · 113th Congress · Taxation

HOME Act

Introduced 2013-06-27· Sponsored by Sen. Udall, Tom [D-NM]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2013-06-27)

Plain Language Summary

[AI summary unavailable — showing source text] Helping Our Middle-Class Entrepreneurs Act or the HOME Act - Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence.…

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

Cosponsors (1)

1 Republican
Sen. Boozman, John [R-AR]AR