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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Small Business Tax Simplification Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to expand the availability of the cash method of accounting for small businesses, and for other purposes.

Actions Overview (1)

04/25/2012Introduced in House

All Actions (3)

04/25/2012Referred to the House Committee on Ways and Means.
Action By: House of Representatives
04/25/2012Sponsor introductory remarks on measure. (CR H2108)
Action By: House of Representatives
04/25/2012Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means04/25/2012 Referred to

No related bill information was received for H.R.4643.

Subjects (4)

Latest Summary (1)

There is one summary for H.R.4643. View summaries

Shown Here:
Introduced in House (04/25/2012)

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.