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United States · Bill · HR

H.R. 6873 (96th)

Small Business Earnings Retention Act of 1980

referredUnited States· United States Congress· EN

Introduced

19 March 1980

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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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.

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Documents

1 official file

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