3.0.0 836 2023-01-11T13:35:00Z 2023-01-11T13:35:00Z House HR 2017-02-02 115 [Congressional Record Volume 163, Number 18 (Thursday, February 2, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. MICHELLE LUJAN GRISHAM of New Mexico:H.R. 836.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, clause 18 of the United StatesConstitution, ``The Congress shall have Power . . . To makeall Laws which shall be necessary and proper for carryinginto Execution the foregoing Powers, and all other Powersvested by this Constitution in the Government of the UnitedStates, or in any Department or Officer thereof.''[Page H946]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-02-02T15:02:30Z HOME Act 115 290 S 2017-02-02 Read twice and referred to the Committee on Finance. Identical bill CRS 2017-02-02 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-02-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-02-02 Introduced in House IntroReferral 1000 9 Library of Congress L000580 Rep. Lujan Grisham, Michelle [D-NM-1] Michelle Lujan Grisham D NM 1 N Taxation Business investment and capital Housing finance and home ownership Income tax deductions Inflation and prices Taxation 00 2017-02-02 Introduced in House 2017-02-10T19:28:02Z Helping Our Middle-Class Entrepreneurs Act or the HOME Act

This bill amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. The bill provides for an inflation adjustment to the standard deduction amount in calendar years beginning after 2017.

]]> HOME Act Display Title HOME Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a standard home office deduction. Introduced in House IH Short Titles as Introduced HOME Act Short Titles as Introduced Helping Our Middle-Class Entrepreneurs Act Introduced in House 2017-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr836ih/xml/BILLS-115hr836ih.xml 2017-02-02 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.