Small Business Works Act of 2001 - Amends Internal Revenue Code provisions concerning small business to, among other things: (1) permit a deduction for 100 percent of the costs of health insurance for the self-employed; (2) repeal the alternative minimum tax on individuals; (3) permanently extend the credit for increasing research activities; (4) increase the deduction for business meals; (5) not require the use of the accrual method of accounting (thereby permitting cash accounting); (6) increase the expensing dollar limitation; (7) specify that computer software is eligible for expensing; and (8) revise specified penalties.
Actions
May 9, 2001
Sponsor introductory remarks on measure. (CR S4597)
Jan 25, 2001
Read twice and referred to the Committee on Finance.
Jan 25, 2001
Sponsor introductory remarks on measure. (CR S576-579)