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United States · Bill · HR

H.R. 3586 (109th)

Small Business Protection Act of 2005

referredUnited States· United States Congress· EN

Introduced

28 July 2005

Last action

Status

Referred to the Committee on Ways and Means, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Subjects

Discovery layer

Source updated

15 August 2025

Summary

Small Business Protection Act of 2005 - Amends the Internal Revenue Code to allow certain small business owners a tax deduction for cash contributions to a Small Business Protection Account. Limits the amount of such deduction to 50 percent of a taxpayer's net profits. Directs the Small Business Administration, through the Small Business Development Center Program, to assist small businesses in establishing and operating Small Business Protection Accounts.

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Documents

3 official files

Introduced in House (text)

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Sources

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