3.0.0 5368 2023-01-13T04:48:28Z 2023-01-13T04:48:28Z House H HR 2006-05-11 109 hsed00 Education and the Workforce Committee House Standing hsed10 Workforce Protections Subcommittee Referred to 2006-06-12T16:10:23Z Referred to 2006-05-11T14:01:45Z hswm00 Ways and Means Committee House Standing Referred to 2006-05-11T14:01:40Z To amend the Internal Revenue Code of 1986 to provide for small business tax incentives, to amend the Fair Labor Standards Act of 1938 to increase the minimum wage and to increase the exemption for annual gross volume of sales made or business done by an enterprise, and for other purposes. 109 1091 HR 2005-04-18 Referred to the Subcommittee on Workforce Protections. Related bill CRS 2006-06-12 hsed10 Workforce Protections Subcommittee 1 House committee actions Referred to the Subcommittee on Workforce Protections. Committee 2006-06-07 Sponsor introductory remarks on measure. (CR H3481) IntroReferral B00100 9 Library of Congress 2006-05-11 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2006-05-11 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2006-05-11 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2006-05-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-05-11 Introduced in House IntroReferral 1000 9 Library of Congress E000187 Rep. English, Phil [R-PA-3] PHIL ENGLISH R PA 3 N S001152 Rep. Simmons, Rob [R-CT-2] ROB SIMMONS R CT 2 2006-05-11 True W000268 Rep. Weldon, Curt [R-PA-7] CURT WELDON R PA 7 2006-05-11 True W000273 Rep. Weller, Jerry [R-IL-11] GERALD WELLER R IL C. 11 2006-05-17 False Taxation Commerce Cost of living adjustments Depreciation and amortization Earnings Economics and Public Finance Home offices Hours of labor Income tax Indexing (Economic policy) Labor and Employment Minimum tax Minimum wages Research and development tax credit Science, Technology, Communications Small business Social Welfare Supplemental security income program Tax credits Tax deductions Wages Welfare eligibility Welfare recipients Taxation 00 2006-05-11 Introduced in House 2006-06-03T15:54:45Z Amends the Internal Revenue Code to make permanent the increased expensing allowance ($100,000) for depreciable business property. Increases to $500,000 the income threshold for reducing the expensing allowance and makes such threshold amount permanent. Provides for an inflation adjustment to the allowance and the threshold.

Allows a tax credit against alternative minimum tax liability for the work opportunity tax credit, the welfare to work tax credit, and the tax credit for increasing research activities.

Provides for a minimum standard tax deduction of $2,500 for expenses for the business use of a home.

Amends the Fair Labor Standards Act of 1938 to: (1) exempt from minimum wage requirements employers with less than ten employees; (2) increase the minimum wage to $ $6.00 beginning October 1, 2006, $6.50 beginning October 1, 2007, $7.00 beginning October 1, 2008, and $7.50 beginning October 1, 2009; and (3) phase in an increase in the gross volume of sales amount applicable to the small business exemption from minimum wage requirements.

Amends title XVI (Supplemental Security Income) of the Social Security Act to exclude from income determinations under the supplemental security income programs minimum wage income that exceeds certain earned income.

]]> To amend the Internal Revenue Code of 1986 to provide for small business tax incentives, to amend the Fair Labor Standards Act of 1938 to increase the minimum wage and to increase the exemption for annual gross volume of sales made or business done by an enterprise, and for other purposes. Display Title To amend the Internal Revenue Code of 1986 to provide for small business tax incentives, to amend the Fair Labor Standards Act of 1938 to increase the minimum wage and to increase the exemption for annual gross volume of sales made or business done by an enterprise, and for other purposes. Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for small business tax incentives, to amend the Fair Labor Standards Act of 1938 to increase the minimum wage and to increase the exemption for annual gross volume of sales made or business done by an enterprise, and for other purposes. Introduced in House IH Popular Titles Minimum Wage bill 9 Library of Congress Introduced in House 2006-05-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr5368ih/xml/BILLS-109hr5368ih.xml 2006-06-12 Referred to the Subcommittee on Workforce Protections. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.