Reserve Component Tax Assistance Act of 2001

Fact Sheet API

Bill Number

S 540

Introduced

Mar 15, 2001

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2390-2392)

Sponsor

Cosponsors

Topics

Armed Forces and National Security Armed forces reserves Commerce Costs Employment tax credits Expense accounts Income tax Labor and Employment Personal income tax Self-employed Tax deductions Taxation

Full Text

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Votes

Summary

Reserve Component Tax Assistance Act of 2001 - Amends the Internal Revenue Code to allow as a business or trade deduction the expenses of a member of the reserve component of the U.S. armed forces in connection with such service. Makes such deduction available to itemizers and non-itemizers.

Establishes related reserve component business-related employment and self-employment credits.

Actions

Mar 15, 2001

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2390-2392)
Mar 15, 2001

Sponsor introductory remarks on measure. (CR S2390)
Mar 15, 2001

Introduced in Senate

Amendments

Related Bills