H.R.955 - Family Freedom Home Office Deduction Act of 1997105th Congress (1997-1998)
|Sponsor:||Rep. Pappas, Michael [R-NJ-12] (Introduced 03/05/1997)|
|Committees:||House - Ways and Means|
|Latest Action:||03/06/1997 Sponsor introductory remarks on measure. (CR H781-782) (All Actions)|
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Text: H.R.955 — 105th Congress (1997-1998)All Information (Except Text)
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Introduced in House (03/05/1997)
[Congressional Bills 105th Congress] [From the U.S. Government Printing Office] [H.R. 955 Introduced in House (IH)] 105th CONGRESS 1st Session H. R. 955 To amend the Internal Revenue Code of 1986 to permit the deduction of home office expenses where the home office is the sole fixed location of the business. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 5, 1997 Mr. Pappas (for himself and Mr. Talent) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to permit the deduction of home office expenses where the home office is the sole fixed location of the business. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Family Freedom Home Office Deduction Act of 1997''. SEC. 2. DEDUCTIBILITY OF CERTAIN HOME OFFICE EXPENSES. (a) General Rule.--Subparagraph (A) of section 280A(c)(1) of the Internal Revenue Code of 1986 (relating to certain business use) is amended to read as follows: ``(A)(i) as the principal place of business for any trade or business of the taxpayer, or ``(ii) as the sole fixed location of business for any trade or business of the taxpayer who has no other fixed location of business for such trade or business, regardless of-- ``(I) the amount of time or type of work the taxpayer performs in such fixed location, or ``(II) the proportion of the total income from the business attributable to such location,''. (b) Effective Date.--The amendment made by this section shall apply to taxable years ending after the date of the enactment of this Act. <all>