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- S.3857
S.3857: BOOST Act
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced Sept. 6, 2006
- Latest Major Action Sept. 6, 2006
Bill Sponsor
Bill Cosponsor
Bill Summary
Bringing Opportunities to Our Small Business Taxpayers Act or BOOST Act - Amends the Internal Revenue Code to: (1) make permanent the $100,000 expensing allowance for small business assets; (2) expand eligibility of small businesses for cash accounting; (3) revise S corporation rules relating to built-in gains, passive income, and shareholder eligibility; (4) allow certain small businesses a tax credit for contributions to employee retirement...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| Sept. 6, 2006 |
Introduced in the Senate by Gordon Harold Smith (R-Ore.) |