3.0.0 533 2022-02-03T06:09:09Z 2022-02-03T06:09:09Z House H HR 2009-01-14 111 hswm00 Ways and Means Committee House Standing Referred to 2009-01-14T15:04:43Z Death Tax Repeal Act 111 205 HR 2009-01-06 Referred to the House Committee on Ways and Means. Related bill CRS Permanent Death Tax Repeal Act of 2009 111 1960 HR 2009-04-02 Referred to the House Committee on Ways and Means. Related bill CRS Death Tax Repeal Permanency Act of 2009 111 3463 HR 2009-07-31 Referred to the House Committee on Ways and Means. Related bill CRS 2009-01-14 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-01-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-01-14 Introduced in House IntroReferral 1000 9 Library of Congress N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 N Taxation Business investment and capital Computers and information technology Health care costs and insurance Income tax deductions Inflation and prices Small business Tax administration and collection, taxpayers Transfer and inheritance taxes Taxation 00 2009-01-14 Introduced in House 2009-02-12T21:56:17Z Opportunity for Family Farms and Small Businesses Act of 2009 - Makes permanent the provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) that repeal the estate and generation skipping transfer taxes and that make reductions in the gift tax.

Amends the Internal Revenue Code to: (1) increase to $200,000 and make permanent the expensing allowance (i.e., a tax deduction in the current taxable year) for depreciable business assets; (2) increase the threshold for phaseout of such allowance to $800,000 (the cost basis of property placed in service); (3) allow an inflation adjustment to the expensing and threshold amounts after 2009; (4) make permanent the right of a taxpayer to revoke an election to expense business assets; (5) make permanent the inclusion of certain computer software as property eligible for expensing; and (6) allow self-employment health insurance costs as a deduction in determining net self-employment income.

]]> Opportunity for Family Farms and Small Businesses Act of 2009 Short Titles as Introduced Opportunity for Family Farms and Small Businesses Act of 2009 Display Title Opportunity for Family Farms and Small Businesses Act of 2009 Official Title as Introduced To make full estate tax repeal, small business expensing, and SECA tax deduction for health insurance permanent. Introduced in House 2009-01-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr533ih/xml/BILLS-111hr533ih.xml 2009-01-14 Referred to the House Committee on Ways and Means. 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.