H.R.206 - To amend the Internal Revenue Code of 1986 to prevent pending tax increases, and for other purposes.112th Congress (2011-2012)
|Sponsor:||Rep. Neugebauer, Randy [R-TX-19] (Introduced 01/06/2011)|
|Committees:||House - Ways and Means|
|Latest Action:||01/06/2011 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.206 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (01/06/2011)
Makes permanent: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001; and (2) the reductions in tax rates for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003.
Amends the Internal Revenue Code to make permanent: (1) the tax deductions for state and local sales taxes and for tuition and related expenses; and (2) the increased expensing allowance (i.e., $125,000) for depreciable business assets, including computer software.