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Searching...- Bills
- H.R.4840
H.R.4840: Tax Simplification for America's Job Creators Act of 2004
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced July 15, 2004
- Latest Major Action Sept. 7, 2004
Bill Sponsor
Bill Cosponsors
18 (1 Democrat, 18 Republicans)
Bill Summary
Tax Simplification for America's Job Creators Act of 2004 - Amends the Internal Revenue Code to extend for two additional years (through 2007): (1) the increased expensing (up to $100,000) of small business assets; (2) the increase (to $400,000) in the cost limitation for property eligible for expensing; and (3) the inflation adjustments for the increased expensing amount and the limitation amount. Allows an inflation adjustment, beginning in...
(Source: Library of Congress)
Bill Actions
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DEBATE - The House proceeded with forty minutes of debate on H.R. 4840.
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At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
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Considered as unfinished business.
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On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 424 - 0 (Roll no. 405).
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate.
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Read twice and referred to the Committee on Finance.
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Referred to the House Committee on Ways and Means.
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Mr. Portman moved to suspend the rules and pass the bill.
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Considered under suspension of the rules.
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| July 15, 2004 |
Introduced in the House by Philip M. Crane (R-Ill.) |