HR 2111 · 107th Congress 2001–2003, ended

Small Business Tax Fairness Act of 2001

Introduced Jun 7, 2001 Originated House Sponsor Jack Quinn R-NY

Latest action · Aug 10, 2001 Referred to the Subcommittee on Workforce Protections.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedJun 7, 2001
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Small Business Tax Fairness Act of 2001 - Amends the Internal Revenue Code, with respect to small businesses, to, among other things: (1) provide for the full deduction of the health insurance costs of self-employed individuals; (2) increase the expensing limitation; (3) increase the business meal deduction, including individuals subject to Federal hours of service limits; (4) exclude income averaging for farmers and fishermen from alternative minimum tax liability; (5) repeal occupational taxes relating to distilled spirits, wine, and beer; (6) provide for an accelerated phase-in of specified increases in the volume cap on private activity bonds; and (7) exclude, subject to limitation, from gross income the discharge of certain qualified residential indebtedness.

Minimum Wage Increase Act of 2001 - Amends the Fair Labor Standards Act of 1938 to increase the Federal minimum wage, as of September 1, 2001, and April 1, 2002, respectively.

Cosponsors 5

Members who signed on, in the order they did. Signatures ran from Jun 28, 2001 to May 23, 2002.

Seat	Cosponsor	Signed on
R-NY	James T. Walsh	Jun 28, 2001
R-NY	Peter T. King	Jun 28, 2001
R-NY	Sherwood Boehlert	Jun 28, 2001
R-CA	Stephen Horn	Jun 28, 2001
R-NY	John M. McHugh	May 23, 2002

Committees 2

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Ways and Means Committee	Referred Jun 7, 2001
House	Education and Workforce Committee	Referred Jun 7, 2001
	Workforce Protections Subcommittee	Referred Aug 10, 2001

Actions 3

Everything that happened, newest first.

Aug 10, 2001Referred to the Subcommittee on Workforce Protections.
Jun 7, 2001Introduced in House
Jun 7, 2001Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Titles 3

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To amend the Internal Revenue Code of 1986 to provide tax benefits for small businesses, to amend the Fair Labor Standards Act of 1938 to increase the minimum wage, and for other purposes.
Short Titles as Introduced: Small Business Tax Fairness Act of 2001
Short Titles as Introduced for portions of this bill: Minimum Wage Increase Act of 2001

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

Jun 7, 2001Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.