Summary: H.R.5792 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.5792. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/04/1990)

Amends part A (Aid to Families with Dependent Children) (AFDC) of title IV of the Social Security Act to authorize the State of Connecticut, in determining the earned income of families who are self-employment program participants for purposes of AFDC eligibility, to treat as offsetting receipts: (1) repayments of the principal portions of business loans; and (2) capital expenditures for businesses over an elected one-year period.

Amends the Internal Revenue Code to prohibit the depreciation of property to which such capital expenditures apply.