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United States · Bill · HR

H.R. 206 (112th)

To amend the Internal Revenue Code of 1986 to prevent pending tax increases, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

6 January 2011

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Makes permanent: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001; and (2) the reductions in tax rates for dividend and capital gain income enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Amends the Internal Revenue Code to make permanent: (1) the tax deductions for state and local sales taxes and for tuition and related expenses; and (2) the increased expensing allowance (i.e., $125,000) for depreciable business assets, including computer software.

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Documents

3 official files

Introduced in House (text)

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Sources

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