HR 9211 · 94th Congress · Commerce
A bill to provide a program of tax adjustment for small business and for persons engaged in small business.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1975-08-01)
Plain Language Summary
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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