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

Summary

Repeals: (1) provisions in the Economic Growth and Tax Relief Reconciliation Act of 2001 terminating tax reductions made by such Act after December 31, 2010; and (2) the provision in the Jobs and Growth Tax Relief Reconciliation Act of 2003 terminating after 2008 reductions in tax rates on dividends and net capital gain. 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.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 March 2010

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• Introduced in House (PDF)

  Introduced in House · EN · 3 March 2010

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• Introduced in House

  summary · EN · 3 March 2010

  Open at official source

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