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United States · Bill · HR

H.R. 6744 (96th)

Small Business Earnings Retention Act of 1980

referredUnited States· United States Congress· EN

Introduced

6 March 1980

Last action

6 March 1980 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Winn, Larry, Jr. [R-KS-3], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Whitehurst, G. William [R-VA-2], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Garcia, Robert [D-NY-18], Rep. Davis, Robert W. [R-MI-11], Rep. Holt, Marjorie S. [R-MD-4], Rep. Sebelius, Keith G. [R-KS-1], Rep. Goldwater, Barry, Jr. [R-CA-20], Rep. Buchanan, John [R-AL-6], Rep. Porter, John Edward [R-IL-10], Rep. McDonald, Lawrence P. [D-GA-7], Rep. Evans, Billy Lee [D-GA-8], Rep. Montgomery, G. V. (Sonny) [D-MS-3], Rep. Carter, Tim Lee [R-KY-5], Rep. Whittaker, Bob [R-KS-5], Rep. Dannemeyer, William E. [R-CA-39], Rep. Pepper, Claude [D-FL-18], Rep. Railsback, Thomas F. [R-IL-19], Rep. Mitchell, Parren J. [D-MD-7], Rep. Leach, Claude (Buddy), Jr. [D-LA-4]

Subjects

Discovery layer

Source updated

2 September 2025

Official sourceView documentsShare

Summary

Small Business Earnings Retention Act of 1980 - Amends the Internal Revenue Code to: (1) permit business to accumulate up to $500,000 of earnings without incurring liability for the tax on accumulated earnings; (2) increase from $100,000 to $500,000 the dollar amount of used investment property eligible for the investment tax credit; and (3) permit business with gross receipts of less than $1,000,000 for the last two preceeding taxable years to elect to use the cash method of accumulating in reporting inventories.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 6 March 1980

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 6 March 1980

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 6 March 1980

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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