Small Business Works Act of 2001

Summary

Small Business Works Act of 2001 - Amends Internal Revenue Code provisions concerning small business to, among other things: (1) permit a deduction for 100 percent of the costs of health insurance for the self-employed; (2) repeal the alternative minimum tax on individuals; (3) permanently extend the credit for increasing research activities; (4) increase the deduction for business meals; (5) not require the use of the accrual method of accounting (thereby permitting cash accounting); (6) increase the expensing dollar limitation; (7) specify that computer software is eligible for expensing; and (8) revise specified penalties.

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Timeline

1. 25 January 2001

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 25 January 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S576-579)

   Source: IntroReferral

3. 25 January 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 9 May 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S4597)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 25 January 2001 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 25 January 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 25 January 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 January 2001

  Open at official source

Sponsors

• Sen. Bond, Christopher S. [R-MO] · R · Sponsor
• Sen. Enzi, Michael B. [R-WY] · R · Cosponsor
• Sen. Hutchinson, Tim [R-AR] · R · Cosponsor
• Rep. Cochran, Thad [R-MS-4] · R · Cosponsor
• Sen. Burns, Conrad R. [R-MT] · R · Cosponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.