3.0.0 1381 2023-01-11T13:18:34Z 2023-01-11T13:18:34Z Senate S S 2009-06-25 111 ssfi00 Finance Committee Senate Standing Referred to 2009-06-25T22:14:35Z 2009-06-25 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7094-7095) IntroReferral 2009-06-25 Sponsor introductory remarks on measure. (CR S7091-7094) IntroReferral B00100 9 Library of Congress 2009-06-25 Introduced in Senate IntroReferral 10000 9 Library of Congress G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. N Taxation Business investment and capital Capital gains tax Computers and information technology Health care costs and insurance Income tax credits Income tax deductions Income tax exclusion Income tax rates Securities Self-employed Small business Taxation

00 2009-06-25 Introduced in Senate 2009-08-04T19:04:15Z Small Business Tax Relief Act of 2009 - Amends Internal Revenue Code provisions relating to small business to: (1) increase and make permanent the election to expense small business assets, including computer software, in the current taxable year; (2) reduce graduated tax rates for corporations with taxable incomes of less than $10 million; (3) exempt income attributable to business tax credits from the alternative minimum tax (AMT); (4) allow five-year carrybacks for business tax credits and small business net operating losses; (5) allow an enhanced tax deduction for income attributable to small business domestic production activities; (6) reduce to five years the recognition period for the built-in gains of S corporations; (7) exclude from gross income all gain from the sale of certain small business stock before 2011; and (8) allow a deduction from the income of self-employed individuals for health insurance costs.

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Display Title Official Title as Introduced Introduced in Senate IS Short Titles as Introduced Introduced in Senate 2009-06-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s1381is/xml/BILLS-111s1381is.xml 2009-06-25 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7094-7095) 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.