S 189 · 107th Congress 2001–2003, ended

Small Business Works Act of 2001

Introduced Jan 25, 2001 Originated Senate Sponsor Christopher S. Bond R-MO

Fact sheet

Latest action · May 9, 2001 Sponsor introductory remarks on measure. (CR S4597)

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.

  1. IntroducedJan 25, 2001
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

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.

Cosponsors 4

Members who signed on, in the order they did. Signatures ran from Jan 29, 2001 to Feb 13, 2001.

SeatCosponsorSigned on
R-WYMichael B. EnziJan 29, 2001
R-ARTim HutchinsonJan 29, 2001
R-MSThad CochranFeb 1, 2001
R-MTConrad R. BurnsFeb 13, 2001

Actions 4

Everything that happened, newest first.

  1. May 9, 2001Sponsor introductory remarks on measure. (CR S4597)
  2. Jan 25, 2001Introduced in Senate
  3. Jan 25, 2001Read twice and referred to the Committee on Finance.
  4. Jan 25, 2001Sponsor introductory remarks on measure. (CR S576-579)

Subjects

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

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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.