HR 9211 · 94th Congress · Commerce

A bill to provide a program of tax adjustment for small business and for persons engaged in small business.

Introduced 1975-08-01· Sponsored by Rep. Downey, Thomas J. [D-NY-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-08-01)

Plain Language Summary

[AI summary unavailable — showing source text] Allows a tax deduction for the taxable year under the Internal Revenue Code for the amount of the additional investment in a trade or business for the taxable year up to the lesser of $40,000 or 20 percent of the net income of such trade or business for the taxable year.…

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