Tax Simplification for America's Job Creators Act of 2004

Summary

Tax Simplification for America's Job Creators Act of 2004 - Amends the Internal Revenue Code to extend for two additional years (through 2007): (1) the increased expensing (up to $100,000) of small business assets; (2) the increase (to $400,000) in the cost limitation for property eligible for expensing; and (3) the inflation adjustments for the increased expensing amount and the limitation amount. Allows an inflation adjustment, beginning in 2004, of the $5 million gross receipts test amount used to determine eligibility for the cash method of accounting. Repeals or amends certain expired or inoperative provisions of the Code. Enacts a savings provision to prevent changes in tax liability resulting from repeals or amendments made by this Act for periods ending after its enactment date.

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Documents

8 official files

• Referred in Senate (text)

  Referred in Senate · EN · 7 September 2004

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• Referred in Senate (PDF)

  Referred in Senate · EN · 7 September 2004

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• Engrossed in House (text)

  Engrossed in House · EN · 21 July 2004

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• Engrossed in House (PDF)

  Engrossed in House · EN · 21 July 2004

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• Passed House without amendment

  summary · EN · 21 July 2004

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• Introduced in House (text)

  Introduced in House · EN · 15 July 2004

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• Introduced in House (PDF)

  Introduced in House · EN · 15 July 2004

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• Introduced in House

  summary · EN · 15 July 2004

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