H.R. 4643 · 112th Congress
Small Business Tax Simplification Act
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BergSponsor17 cosponsors · 6 D, 11 R
D
Thompson
JG
R
Gerlach
WH
R
Herger
LJ
R
Jenkins
CR
D
Rangel
AS
R
Schock
SM
R
Myrick
PR
R
Roskam
AE
D
Eshoo
BL
R
Long
RN
D
Neal
QC
R
Canseco
JM
R
Miller
AS
D
Smith
KY
R
Yoder
CH
D
Hanabusa
TW
R
Walberg1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Small Business Tax Simplification Act - Amends the Internal Revenue Code to exempt certain small business taxpayers from the requirements of using the accrual method of accounting and of using inventories. Allows such taxpayers to use a cash method of accounting if they meet the gross receipts test and are not engaged in farming as a corporation.
What it does: CRS summary · Introduced in House · Apr 25, 2012
Small Business Tax Simplification Act - Amends the Internal Revenue Code to exempt certain small business taxpayers from the requirements of using the accrual method of accounting and of using inventories. Allows such taxpayers to use a cash method of accounting if they meet the gross receipts test and are not engaged in farming as a corporation. Increases the amount of the gross receipts test to $10 million (currently, $5 million) and permits an annual inflation adjustment of that amount.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Tax Simplification Act
Latest action (Apr 25, 2012): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Apr 25, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.