Providing for consideration of the bill (H.R. 9) to amend the Internal Revenue Code of 1986 to provide a deduction for domestic business income of qualified small businesses.

3.0.0 9 2022-03-02T15:36:55Z 2022-03-02T15:36:55Z House H HR 2012-03-21 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CANTOR:H.R. 9.Congress has the power to enact this legislation pursuantto the following:Amendment XVI to the Constitution regarding the power tolay and collect taxes on incomes.[Page H1497]]]> ssfi00 Finance Committee Senate Standing Referred to 2012-04-23T16:26:11Z hswm00 Ways and Means Committee House Standing Reported by 2012-04-10T16:52:46Z Markup by 2012-03-28T19:33:12Z Referred to 2012-03-21T14:00:08Z H. Rept. 112-425 Providing for consideration of the bill (H.R. 9) to amend the Internal Revenue Code of 1986 to provide a deduction for domestic business income of qualified small businesses. 112 620 HRES 2012-04-19 On agreeing to the resolution, as amended Agreed to by recorded vote: 234 - 178 (Roll no. 173). 10:51:16 Procedurally-related House 2012-04-23 ssfi00 Finance Committee Senate Received in the Senate and Read twice and referred to the Committee on Finance. IntroReferral 2012-04-19 13:56:18 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2012-04-19 13:56:17 On passage Passed by the Yeas and Nays: 235 - 173, 1 Present (Roll no. 177). (text: CR H1990-1991) Floor H37100 2 House floor actions 177 https://clerk.house.gov/evs/2012/roll177.xml House 112 2012-04-19T17:56:17Z 2 2012-04-19 13:56:17 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 235 - 173, 1 Present (Roll no. 177).(text: CR H1990-1991) Floor 8000 9 Library of Congress 177 https://clerk.house.gov/evs/2012/roll177.xml House 112 2012-04-19T17:56:17Z 2 2012-04-19 13:46:32 On motion to recommit with instructions Failed by recorded vote: 179 - 229 (Roll no. 176). (consideration: CR H2009-2010) Floor H36110 2 House floor actions hswm00 Ways and Means Committee 176 https://clerk.house.gov/evs/2012/roll176.xml House 112 2012-04-19T17:46:32Z 2 2012-04-19 13:31:00 The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2009) Floor H8A000 2 House floor actions 2012-04-19 13:24:00 DEBATE - The House proceeded with 10 minutes of debate on the Deutch motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with amendments to prevent the tax deduction from allowing companies to ship jobs overseas. It would also prevent the tax deduction from being used on income from prostitution, pornography, drug trafficking, lobbying, golf courses that discriminate based on sex or race, or by taxpayers who violate Iran sanctions. Further, any Member of Congress taking the deduction would have to disclose the deduction amount and type of business income from which it came. Floor H8D000 2 House floor actions 2012-04-19 13:20:01 Mr. Deutch moved to recommit with instructions to Ways and Means. (consideration: CR H2008-2010; text: CR H2008) Floor H36100 2 House floor actions hswm00 Ways and Means Committee 2012-04-19 12:26:01 DEBATE - Pursuant to the provisions of H. Res. 620, as amended, the House proceeded with 25 minutes of debate on the Levin substitute amendment. Floor H8D000 2 House floor actions 2012-04-19 11:00:40 DEBATE - Pursuant to the provisions of H.Res. 620, as amended, the House proceeded with 70 minutes of debate on H.R. 9. Floor H8D000 2 House floor actions 2012-04-19 10:58:53 Rule provides for consideration of H.R. 9 with 1 hour of general debate. Motion to recommit with or without instructions allowed. Measure will be considered read. A specified amendment is in order. The resolution waives all points of order against consideration of the bill. The resolution provides that the amendment in the nature of a substitute, now printed in the bill, shall be considered as adopted. The resolutions waives all points of order against provisions of the bill, as amended. The resolution makes in order the amendment in the nature of a substitute, for 20 minutes of debate, which shall not be subject to amendment. Floor H8D000 2 House floor actions 2012-04-19 10:58:48 Considered under the provisions of rule H. Res. 620. (consideration: CR H1981-1989, H1990-2010) Floor H30000 2 House floor actions 2012-04-19 10:51:16 Rule H. Res. 620 passed House. Floor H1L220 2 House floor actions 2012-04-17 18:17:56 Rules Committee Resolution H. Res. 620 Reported to House. Rule provides for consideration of H.R. 9 with 1 hour of general debate. Motion to recommit with or without instructions allowed. Measure will be considered read. A specified amendment is in order. The resolution waives all points of order against consideration of the bill. The resolution provides that the amendment in the nature of a substitute, now printed in the bill, shall be considered as adopted. The resolutions waives all points of order against provisions of the bill, as amended. The resolution makes in order the amendment in the nature of a substitute, for 20 minutes of debate, which shall not be subject to amendment. Floor H1L210 2 House floor actions 2012-04-10 Placed on the Union Calendar, Calendar No. 292. Calendars H12410 2 House floor actions U00292 2012-04-10 Reported (Amended) by the Committee on Ways and Means. H. Rept. 112-425. Committee H12200 2 House floor actions hswm00 Ways and Means Committee 2012-04-10 Reported (Amended) by the Committee on Ways and Means. H. Rept. 112-425. Committee 5000 9 Library of Congress hswm00 Ways and Means Committee 2012-03-28 hswm00 Ways and Means Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 14. Committee 2012-03-28 hswm00 Ways and Means Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2012-03-21 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2012-03-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-03-21 Introduced in House IntroReferral 1000 9 Library of Congress C001046 Rep. Cantor, Eric [R-VA-7] ERIC CANTOR R VA 7 N S001182 Rep. Schilling, Robert T. [R-IL-17] Robert Schilling R IL T. 17 2012-03-22 False B001232 Rep. Biggert, Judy [R-IL-13] JUDY BIGGERT R IL 13 2012-03-22 False F000448 Rep. Franks, Trent [R-AZ-2] Trent Franks R AZ 2 2012-03-22 False M001150 Rep. Miller, Candice S. [R-MI-10] Candice Miller R MI S. 10 2012-03-22 False R000585 Rep. Reed, Tom [R-NY-29] Tom Reed R NY 29 2012-03-22 False C000071 Rep. Camp, Dave [R-MI-4] DAVE CAMP R MI 4 2012-03-22 False M001157 Rep. McCaul, Michael T. [R-TX-10] Michael McCaul R TX T. 10 2012-03-22 False G000570 Rep. Guinta, Frank C. [R-NH-1] Frank Guinta R NH C. 1 2012-03-22 False L000566 Rep. Latta, Robert E. [R-OH-5] Robert Latta R OH E. 5 2012-03-22 False G000546 Rep. Graves, Sam [R-MO-6] SAM GRAVES R MO 6 2012-03-22 False S001179 Rep. Schock, Aaron [R-IL-18] Aaron Schock R IL 18 2012-03-22 False M001134 Rep. Myrick, Sue Wilkins [R-NC-9] SUE MYRICK R NC WILKINS 9 2012-03-26 False A000358 Rep. Akin, W. Todd [R-MO-2] W. AKIN R MO TODD 2 2012-03-26 False G000377 Rep. Granger, Kay [R-TX-12] KAY GRANGER R TX 12 2012-03-26 False R000590 Rep. Rivera, David [R-FL-25] David Rivera R FL 25 2012-03-26 False G000021 Rep. Gallegly, Elton [R-CA-24] ELTON GALLEGLY R CA 24 2012-03-26 False K000378 Rep. Kinzinger, Adam [R-IL-11] Adam Kinzinger R IL 11 2012-03-26 False K000363 Rep. Kline, John [R-MN-2] John Kline R MN 2 2012-03-26 False M000689 Rep. Mica, John L. [R-FL-7] JOHN MICA R FL L. 7 2012-03-26 False N000184 Rep. Noem, Kristi L. [R-SD-At Large] Kristi Noem R SD L. 0 2012-03-26 False A000365 Rep. Austria, Steve [R-OH-7] Steve Austria R OH 7 2012-03-26 False C001082 Rep. Canseco, Francisco "Quico" [R-TX-23] Francisco Canseco R TX Quico 23 2012-03-26 False W000791 Rep. Walden, Greg [R-OR-2] GREG WALDEN R OR 2 2012-03-26 False H001045 Rep. Harper, Gregg [R-MS-3] Gregg Harper R MS 3 2012-03-27 False R000593 Rep. Ross, Dennis A. [R-FL-12] Dennis Ross R FL A. 12 2012-03-27 False B001273 Rep. Black, Diane [R-TN-6] Diane Black R TN 6 2012-03-27 False S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2012-03-27 False H000329 Rep. Hastings, Doc [R-WA-4] DOC HASTINGS R WA 4 2012-03-27 False C001086 Rep. Cravaack, Chip [R-MN-8] Chip Cravaack R MN 8 2012-03-28 False W000804 Rep. Wittman, Robert J. [R-VA-1] Robert Wittman R VA J. 1 2012-03-28 False B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2012-03-28 False P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2012-03-28 False S001176 Rep. Scalise, Steve [R-LA-1] Steve Scalise R LA 1 2012-03-28 False S001184 Rep. Scott, Tim [R-SC-1] Tim Scott R SC 1 2012-03-29 False L000517 Rep. Lungren, Daniel E. [R-CA-3] DANIEL LUNGREN R CA EDWARD 3 2012-03-29 False C001047 Rep. Capito, Shelley Moore [R-WV-2] Shelley Capito R WV Moore 2 2012-03-29 False C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 2012-03-29 False C000266 Rep. Chabot, Steve [R-OH-1] STEVE CHABOT R OH 1 2012-03-30 False W000796 Rep. Westmoreland, Lynn A. [R-GA-3] Lynn Westmoreland R GA A. 3 2012-03-30 False M001165 Rep. McCarthy, Kevin [R-CA-22] Kevin McCarthy R CA 22 2012-03-30 False L000576 Rep. Long, Billy [R-MO-7] Billy Long R MO 7 2012-04-10 False O000168 Rep. Olson, Pete [R-TX-22] Pete Olson R TX 22 2012-04-10 False Taxation Income tax deductions Small business Wages and earnings Taxation

00 2012-03-21 Introduced in House 2012-04-02T14:17:19Z Small Business Tax Cut Act - Amends the Internal Revenue Code to allow domestic businesses a tax deduction for 20% of the lesser of their qualified domestic business income (income effectively connected with a trade or business in the United States) or their taxable income for the taxable year. Limits the amount of such deduction to 50% of the the greater of the W-2 wages (payroll) paid to business non-owners or the sum of the W-2 wages paid to non-owner family members of direct owners (i.e., stockholders), plus any W-2 wages paid to direct owners who have a 10% or less interest in a business.

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17 2012-04-10 Reported to House with amendment(s) 2012-04-30T18:07:31Z Small Business Tax Cut Act - Amends the Internal Revenue Code to allow a qualified small business a tax deduction equal to 20% of the lesser of qualified domestic business income or taxable income. Defines: (1) "qualified small business" as any employer engaged in a trade or business if such employer had fewer than 500 full-time employees in either 2010 or 2011; and (2) "qualified domestic business income" as an amount equal to the excess (if any) of the taxpayer's domestic business gross receipts (i.e., gross receipts effectively connected with a trade or business within the United States) for a taxable year over the sum of the cost of goods sold allocable to such receipts and other expenses, losses, or deductions properly allocable to such receipts.

Limits the amount of such deduction to 50% of the greater of: (1) the taxpayer's W-2 wages (payroll) paid to non-owners of the taxpayer's business; or (2) the sum of the W-2 wages paid to individuals who are non-owner family members of direct owners (i.e., stockholders of the business), plus any W-2 wages paid to direct owners who have an ownership interest in the business of 10% or less.

Directs the Secretary of the Treasury to prescribe regulations to carry out this Act, including regulations to prevent a taxpayer that reorganizes from being treated as a qualified small business if such taxpayer would not have been treated as a qualified small business prior to such reorganization.

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36 2012-04-19 Passed House amended 2012-04-30T18:10:58Z (This measure has not been amended since it was reported to the House on April 10, 2012. The summary of that version is repeated here.)

Small Business Tax Cut Act - Amends the Internal Revenue Code to allow a qualified small business a tax deduction equal to 20% of the lesser of qualified domestic business income or taxable income. Defines: (1) "qualified small business" as any employer engaged in a trade or business if such employer had fewer than 500 full-time employees in either 2010 or 2011; and (2) "qualified domestic business income" as an amount equal to the excess (if any) of the taxpayer's domestic business gross receipts (i.e., gross receipts effectively connected with a trade or business within the United States) for a taxable year over the sum of the cost of goods sold allocable to such receipts and other expenses, losses, or deductions properly allocable to such receipts.

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Small Business Tax Cut Act Short Titles as Introduced Small Business Tax Cut Act Short Titles as Reported to House Small Business Tax Cut Act H House Short Titles as Passed House Small Business Tax Cut Act H House Display Title Small Business Tax Cut Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a deduction for domestic business income of qualified small businesses. 1018 112 HAMDT Amendment in the nature of a substitute sought to replace the deduction in the underlying bill with a deduction for small businesses for the amounts they spend on capital investments in 2012. Amendment in the nature of a substitute. 2022-02-03T06:01:43Z 2012-04-19 On agreeing to the Levin amendment (A002) Failed by the Yeas and Nays: 175 - 236 (Roll no. 175). 13:18:51 Roll no. 175 https://clerk.house.gov/evs/2012/roll175.xml L000263 Rep. Levin, Sander M. [D-MI-12] SANDER LEVIN D MI M. 12 2012-04-19T04:00:00Z House of Representatives 112 HR House H 9 Small Business Tax Cut Act 2022-03-02T15:36:55Z 8 2012-04-19 13:18:51 On agreeing to the Levin amendment (A002) Failed by the Yeas and Nays: 175 - 236 (Roll no. 175). Floor H34111 2 House floor actions 175 House 112 2012-04-19T17:18:51Z 2 https://clerk.house.gov/evs/2012/roll175.xml 2012-04-19 12:25:48 Amendment (A002) in the nature of a substitute offered by Mr. Levin. (consideration: CR H2003-2005; text: CR H2003-2004) Floor H3A100 2 House floor actions 2012-04-19 13:18:51 Amendment failed by House: On agreeing to the Levin amendment (A002) Failed by the Yeas and Nays: 175 - 236 (Roll no. 175). NotUsed 80000 9 Library of Congress 175 House 112 2012-04-19T17:18:51Z 2 https://clerk.house.gov/evs/2012/roll175.xml 2012-04-19 12:25:48 House amendment offered/reported by: Amendment (A002) in the nature of a substitute offered by Mr. Levin.(consideration: CR H2003-2005; text: CR H2003-2004) NotUsed 71500 9 Library of Congress 2012-04-19 13:18:51 Roll call votes on amendments in House Floor 75000 9 Library of Congress 175 House 112 2012-04-19T17:18:51Z 2 https://clerk.house.gov/evs/2012/roll175.xml 2012-04-19 13:18:51 House amendment not agreed to: On agreeing to the Levin amendment (A002) Failed by the Yeas and Nays: 175 - 236 (Roll no. 175). Floor 73000 9 Library of Congress 175 House 112 2012-04-19T17:18:51Z 2 https://clerk.house.gov/evs/2012/roll175.xml 2012-04-19 House amendment offered Floor 71000 9 Library of Congress 1017 112 HAMDT An amendment in the nature of a substitute made in order as original text for the purpose of further amendment by H.Res. 620. 2022-02-03T06:01:43Z Rules Committee 2012-04-19T04:00:00Z House of Representatives 112 HR House H 9 Small Business Tax Cut Act 2022-03-02T15:36:55Z H.Res. 620 https://www.congress.gov/bill/112th-congress/house-resolution/620 2 2012-04-19 House amendment offered Floor 71000 9 Library of Congress Referred in Senate 2012-04-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr9rfs/xml/BILLS-112hr9rfs.xml Engrossed in House 2012-04-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr9eh/xml/BILLS-112hr9eh.xml Reported in House 2012-04-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr9rh/xml/BILLS-112hr9rh.xml Introduced in House 2012-03-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr9ih/xml/BILLS-112hr9ih.xml 2012-04-23 Received in the Senate and Read twice and referred to the Committee on Finance. 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.