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- H.R.5486
H.R.5486: To amend the Internal Revenue Code of 1986 to provide tax incentives for small business job creation, and for other purposes.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced June 9, 2010
- Latest Major Action June 17, 2010
Bill Sponsor
Bill Summary
Title V: Tax Provisions - Small Business Jobs Tax Relief Act of 2010 - Subtitle A: Small Business Tax Incentives - Part 1: General Provisions - (Sec. 501) Amends the Internal Revenue Code to increase from 50% to 100% the exclusion from gross income of the gain from the sale or exchange of qualified small business stock acquired after March 15, 2010, and before January 1, 2012. Part 2: Limitations and Reporting on Certain Penalties - (Sec. 511)...
(Source: Library of Congress)
Bill Actions
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Referred to the House Committee on Ways and Means.
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Rules Committee Resolution H. Res. 1436 Reported to House. Rule provides for consideration of H.R. 5486 and H.R. 5297 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of each bill except for clauses 9 and 10 or rule XXI are waived.
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Considered under the provisions of rule H. Res. 1436.
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Rule provides for consideration of H.R. 5486 and H.R. 5297 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. All points of order against consideration of each bill except for clauses 9 and 10 or rule XXI are waived.
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DEBATE - The House proceeded with one hour of debate on H.R. 5486.
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The previous question was ordered pursuant to the rule.
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POSTPONED PROCEEDINGS - The Chair announced further consideration of H.R. 5486 would be postponed until a time to be announced.
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Considered as unfinished business.
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Mr. Camp moved to recommit with instructions to Ways and Means.
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DEBATE - The House proceeded with 10 minutes of debate on the Camp (MI) motion to recommit with instructions. The instructions in the motion seek to report the same back to the House forthwith with an amendment adding a section entitled "REPEAL OF INDIVIDUAL HEALTH INSURANCE MANDATE".
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The previous question on the motion to recommit with instructions was ordered without objection.
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On motion to recommit with instructions Failed by recorded vote: 187 - 230 (Roll no. 362).
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On passage Passed by recorded vote: 247 - 170 (Roll no. 363).
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Motion to reconsider laid on the table Agreed to without objection.
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Pursuant to the provisions of H. Res. 1436, H.R. 5486 is laid on the table.
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| June 9, 2010 |
Introduced in the House by Sander M. Levin (D-Mich.) |