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There is one summary for this bill. Bill summaries are authored by CRS.

Authorizes a tax adjustment program for small businesses and for persons engaged in small business. Authorizes a tax deduction under the Internal Revenue Code of 1954 for a person engaged in a trade or business in an amount measured by the additional investment in such trade or business for the taxable year. Limits such tax deduction to $40,000 or 20 percent of the net income of such trade or business for the taxable year.

There is one summary for this bill. Bill summaries are authored by CRS.

Authorizes a tax adjustment program for small businesses and for persons engaged in small business. Authorizes a tax deduction under the Internal Revenue Code of 1954 for a person engaged in a trade or business in an amount measured by the additional investment in such trade or business for the taxable year. Limits such tax deduction to $40,000 or 20 percent of the net income of such trade or business for the taxable year.

There is one summary for this bill. Bill summaries are authored by CRS.

Authorizes a tax adjustment program for small businesses and for persons engaged in small business. Authorizes a tax deduction under the Internal Revenue Code of 1954 for a person engaged in a trade or business in an amount measured by the additional investment in such trade or business for the taxable year. Limits such tax deduction to $40,000 or 20 percent of the net income of such trade or business for the taxable year.

There is one summary for this bill. Bill summaries are authored by CRS.

Authorizes a tax adjustment program for small businesses and for persons engaged in small business. Authorizes a tax deduction under the Internal Revenue Code of 1954 for a person engaged in a trade or business in an amount measured by the additional investment in such trade or business for the taxable year. Limits such tax deduction to $40,000 or 20 percent of the net income of such trade or business for the taxable year.