S.1260: HOME Act

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Bill Summary

Helping Our Middle-Class Entrepreneurs Act or the HOME Act - Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence.

(Source: Library of Congress)

Bill Actions

Date Description
June 27, 2013
Read twice and referred to the Committee on Finance.
June 27, 2013

Introduced in the Senate by Tom Udall (D-N.M.)

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