A bill to amend the Internal Revenue Code of 1954 to allow a business deduction under section 162 for certain ordinary and necessary expenses incurred to enable an individual to be gainfully employed.

referredUnited States· United States Congress· EN

Introduced

21 February 1973

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Allows an individual to deduct as a business deduction those expenses incurred to maintain a household which includes a qualified spouse, child, or dependent and when such expenses are ordinary and necessary to enable the taxpayer to be gainfully employed. Outlines special rules which apply to person seeking to use this deduction. (Amends 26 U.S.C. 162)

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Documents

1 official file

Introduced in Senate
summary · EN · 21 February 1973
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/senate-bill/947
Open data entity: https://api.congress.gov/v3/bill/93/s/947