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- H.R.5126
H.R.5126: Family Security and Small Business Stimulus Act of 2008
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Jan. 23, 2008
- Latest Major Action Jan. 28, 2008
Bill Sponsor
Bill Cosponsor
Bill Summary
Family Security and Small Business Stimulus Act of 2008 - Amends the Internal Revenue Code to: (1) allow a reduced 5% income tax rate on taxable income for low-income taxpayers; (2) allow an advance refund in 2008 for the reduction in the tax rate; and (3) increase to $375,000 between 2008 and 2010 the expensing allowance for small business depreciable assets.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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Referred to the Subcommittee on Income Security and Family Support.
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| Jan. 23, 2008 |
Introduced in the House by Joseph K. Knollenberg (R-Mich.) |