S.540 - Reserve Component Tax Assistance Act of 2001107th Congress (2001-2002)
|Sponsor:||Sen. DeWine, Mike [R-OH] (Introduced 03/15/2001)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 03/15/2001 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2390-2392) (All Actions)|
This bill has the status Introduced
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Summary: S.540 — 107th Congress (2001-2002)All Information (Except Text)
Reserve Component Tax Assistance Act of 2001 - Amends the Internal Revenue Code to allow as a business or trade deduction the expenses of a member of the reserve component of the U.S. armed forces in connection with such service. Makes such deduction available to itemizers and non-itemizers.
Introduced in Senate (03/15/2001)
Establishes related reserve component business-related employment and self-employment credits.