HOME Act

Summary

Helping Our Middle-Class Entrepreneurs Act or the HOME Act This bill amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. The bill provides for an inflation adjustment to the standard deduction amount in calendar years beginning after 2017.

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Timeline

1. 2 February 2017

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 2 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 February 2017 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 February 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 February 2017

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 February 2017

  Open at official source

Sponsors

• Michelle Lujan Grisham · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← HOME Act
• related to ← HOME Act