Small Employer Tax Relief Act of 1999

Summary

Small Employer Tax Relief Act of 1999 - Amends the Internal Revenue Code (IRC), with respect to small businesses, to: (1) advance, from calendar year 2007 to taxable years beginning after enactment, the 100 percent deduction for the health insurance costs of the self-employed; (2) increase the meal and entertainment deduction; (3) increase the aggregate amount of depreciable business assets which may be expensed annually to $35,000; (4) reduce the maximum tax rate; (5) advance, from calendar year 2008 to taxable years beginning after enactment, the six percent tax rate under chapter 23 (Federal Unemployment Tax Act) of the IRC; and (6) permit the use of the cash accounting method.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 June 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 9 June 1999

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• Introduced in House

  summary · EN · 9 June 1999

  Open at official source

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