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United States · Bill · HR

H.R. 9 (112th)

Small Business Tax Cut Act

referredUnited States· United States Congress· EN

Introduced

21 March 2012

Last action

23 April 2012 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Finance.

Sponsors

Rep. Cantor, Eric [R-VA-7], Rep. Schilling, Robert T. [R-IL-17], Rep. Biggert, Judy [R-IL-13], Rep. Franks, Trent [R-AZ-8], Rep. Miller, Candice S. [R-MI-10], Rep. Reed, Tom [R-NY-23], Rep. Camp, Dave [R-MI-4], Rep. McCaul, Michael T. [R-TX-10], Rep. Guinta, Frank C. [R-NH-1], Rep. Latta, Robert E. [R-OH-5], Rep. Graves, Sam [R-MO-6], Rep. Schock, Aaron [R-IL-18], Rep. Myrick, Sue Wilkins [R-NC-9], Rep. Akin, W. Todd [R-MO-2], Rep. Granger, Kay [R-TX-12], Rep. Rivera, David [R-FL-25], Rep. Gallegly, Elton [R-CA-24], Rep. Kinzinger, Adam [R-IL-16], Rep. Kline, John [R-MN-2], Rep. Mica, John L. [R-FL-7], Rep. Noem, Kristi L. [R-SD-At Large], Rep. Austria, Steve [R-OH-7], Rep. Canseco, Francisco "Quico" [R-TX-23], Rep. Walden, Greg [R-OR-2], Rep. Harper, Gregg [R-MS-3], Rep. Ross, Dennis A. [R-FL-15], Rep. Black, Diane [R-TN-6], Rep. Smith, Lamar [R-TX-21], Rep. Hastings, Doc [R-WA-4], Rep. Cravaack, Chip [R-MN-8], Rep. Wittman, Robert J. [R-VA-1], Rep. Bachus, Spencer [R-AL-6], Rep. Poe, Ted [R-TX-2], Rep. Scalise, Steve [R-LA-1], Sen. Scott, Tim [R-SC], Rep. Lungren, Daniel E. [R-CA-3], Sen. Capito, Shelley Moore [R-WV], Rep. Coffman, Mike [R-CO-6], Rep. Chabot, Steve [R-OH-1], Rep. Westmoreland, Lynn A. [R-GA-3], Rep. McCarthy, Kevin [R-CA-22], Rep. Long, Billy [R-MO-7], Rep. Olson, Pete [R-TX-22]

Subjects

Taxation

Source updated

7 April 2025

Taxation

Summary

Small Business Tax Cut Act - Amends the Internal Revenue Code to allow domestic businesses a tax deduction for 20% of the lesser of their qualified domestic business income (income effectively connected with a trade or business in the United States) or their taxable income for the taxable year.  Limits the amount of such deduction to 50% of the the greater of the W-2 wages (payroll) paid to business non-owners or the sum of the W-2 wages paid to non-owner family members of direct owners (i.e., stockholders), plus any W-2 wages paid to direct owners who have a 10% or less interest in a business.

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

Timeline

  1. 21 March 2012

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 21 March 2012

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 21 March 2012

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 28 March 2012

    Vote

    Ordered to be Reported (Amended) by the Yeas and Nays: 21 - 14.

    Source: Committee

  5. 28 March 2012

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 10 April 2012

    Calendars

    Placed on the Union Calendar, Calendar No. 292.

    Source: Calendars

  7. 10 April 2012

    Reported

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 112-425.

    Source: Committee

  8. 10 April 2012

    Reported

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 112-425.

    Source: Committee

  9. 17 April 2012

    Reported

    Rules Committee Resolution H. Res. 620 Reported to House. Rule provides for consideration of H.R. 9 with 1 hour of general debate. Motion to recommit with or without instructions allowed. Measure will be considered read. A specified amendment is in order. The resolution waives all points of order against consideration of the bill. The resolution provides that the amendment in the nature of a substitute, now printed in the bill, shall be considered as adopted. The resolutions waives all points of order against provisions of the bill, as amended. The resolution makes in order the amendment in the nature of a substitute, for 20 minutes of debate, which shall not be subject to amendment.

    Source: Floor

  10. 19 April 2012

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  11. 19 April 2012

    Vote

    On passage Passed by the Yeas and Nays: 235 - 173, 1 Present (Roll no. 177). (text: CR H1990-1991)

    Source: Floor

  12. 19 April 2012

    Vote

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 235 - 173, 1 Present (Roll no. 177).(text: CR H1990-1991)

    Source: Floor

  13. 19 April 2012

    Vote

    On motion to recommit with instructions Failed by recorded vote: 179 - 229 (Roll no. 176). (consideration: CR H2009-2010)

    Source: Floor

  14. 19 April 2012

    Floor

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2009)

    Source: Floor

  15. 19 April 2012

    Floor

    Rule provides for consideration of H.R. 9 with 1 hour of general debate. Motion to recommit with or without instructions allowed. Measure will be considered read. A specified amendment is in order. The resolution waives all points of order against consideration of the bill. The resolution provides that the amendment in the nature of a substitute, now printed in the bill, shall be considered as adopted. The resolutions waives all points of order against provisions of the bill, as amended. The resolution makes in order the amendment in the nature of a substitute, for 20 minutes of debate, which shall not be subject to amendment.

    Source: Floor

  16. 19 April 2012

    Floor

    Mr. Deutch moved to recommit with instructions to Ways and Means. (consideration: CR H2008-2010; text: CR H2008)

    Source: Floor

  17. 19 April 2012

    Floor

    Considered under the provisions of rule H. Res. 620. (consideration: CR H1981-1989, H1990-2010)

    Source: Floor

  18. 19 April 2012

    Passed

    Rule H. Res. 620 passed House.

    Source: Floor

  19. 23 April 2012

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Finance.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

11 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 23 April 2012

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 23 April 2012

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  • Engrossed in House (text)

    Engrossed in House · EN · 19 April 2012

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 19 April 2012

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  • Passed House amended

    summary · EN · 19 April 2012

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  • Reported in House (text)

    Reported in House · EN · 10 April 2012

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  • Reported in House (PDF)

    Reported in House · EN · 10 April 2012

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  • Reported to House with amendment(s)

    summary · EN · 10 April 2012

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  • Introduced in House (text)

    Introduced in House · EN · 21 March 2012

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  • Introduced in House (PDF)

    Introduced in House · EN · 21 March 2012

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  • Introduced in House

    summary · EN · 21 March 2012

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Sponsors

Related records

Sources

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