A bill to amend the Internal Revenue Code of 1954 to eliminate the exclusive use requirement for deducting expenses attributable to a personal residence used for certain home industries.

referredUnited States· United States Congress· EN

Introduced

11 February 1977

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Amends the Internal Revenue Code to allow expenses attributable to a trade or business of a kind customarily carried on in the home as a sole proprietorship to be deducted from gross income even though the home is used as the taxpayer's principal residence so long as the activities conducted outside the home are merely incidental to the conduct of such business.

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Documents

1 official file

Introduced in Senate
summary · EN · 11 February 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/senate-bill/740
Open data entity: https://api.congress.gov/v3/bill/95/s/740