Cash Accounting for Small Business Act of 2001

Summary

Cash Accounting for Small Business Act of 2001 - Amends the Internal Revenue Code to prohibit an eligible taxpayer from being required to use an accrual method of accounting for a taxable year if the such taxpayer's average annual gross receipts for the preceding three-year period does not exceed $5 million (to be adjusted for inflation). States that eligible small business taxpayers shall not be required to use inventories, and that property shall be treated as a material which is not incidental.

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Timeline

1. 14 February 2001

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1421-1422)

   Source: IntroReferral

2. 14 February 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S1420-1421)

   Source: IntroReferral

3. 14 February 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 14 February 2001 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 14 February 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 14 February 2001

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in Senate

  summary · EN · 14 February 2001

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Bond, Christopher S. [R-MO] · R · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Cash Accounting for Small Business Act of 2001