H R 4840 in Congressional Session 108

Official Summary

 

Bill Number : H R 4840

 

Title : To amend the Internal Revenue Code of 1986 to simplify the taxation of businesses.

 

SUMMARY AS OF:
7/21/2004--Passed House without amendment.    (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Tax Simplification for America's Job Creators Act of 2004 - Amends the Internal Revenue Code to extend for two additional years (through 2007): (1) the increased expensing (up to $100,000) of small business assets; (2) the increase (to $400,000) in the cost limitation for property eligible for expensing; and (3) the inflation adjustments for the increased expensing amount and the limitation amount. Allows an inflation adjustment, beginning in 2004, of the $5 million gross receipts test amount used to determine eligibility for the cash method of accounting. Repeals or amends certain expired or inoperative provisions of the Internal Revenue Code. Enacts a savings provision to prevent changes in tax liability resulting from repeals or amendments made by this Act for periods ending after the date of enactment of this Act.

Votes

Title : To amend the Internal Revenue Code of 1986 to simplify the taxation of businesses.
Votes in the US Senate
This Bill was not Voted in the US Senate
Votes in the US House
Roll NumberVote DateQuestionDescriptionVote Result
4052004-07-21On Motion to Suspend the Rules and Pass Tax Simplification for Americas Job Creators Act of 2004P

Sponsors

 
Congressional Sponsors of H R 4840
 
Bill Number : H R 4840
Title : To amend the Internal Revenue Code of 1986 to simplify the taxation of businesses.
Sponsor: Rep Crane, Philip M. [IL-8] (introduced 7/15/2004)      
ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

    Rep Akin, W. Todd [MO-2] - 7/15/2004

    Rep Bachus, Spencer [AL-6] - 7/19/2004

    Rep Barrett, J. Gresham [SC-3] - 7/19/2004

    Rep Biggert, Judy [IL-13] - 7/15/2004

    Rep Boehner, John A. [OH-8] - 7/15/2004

    Rep Cantor, Eric [VA-7] - 7/15/2004

    Rep Doolittle, John T. [CA-4] - 7/15/2004

    Rep English, Phil [PA-3] - 7/15/2004

    Rep Herger, Wally [CA-2] - 7/15/2004

    Rep McCotter, Thaddeus G. [MI-11] - 7/19/2004

    Rep Miller, Jeff [FL-1] - 7/19/2004

    Rep Portman, Rob [OH-2] - 7/19/2004

    Rep Pryce, Deborah [OH-15] - 7/19/2004

    Rep Rogers, Mike J. [MI-8] - 7/15/2004

    Rep Sandlin, Max [TX-1] - 7/19/2004

    Rep Shaw, E. Clay, Jr. [FL-22] - 7/15/2004

    Rep Vitter, David [LA-1] - 7/21/2004

    Rep Wilson, Joe [SC-2] - 7/15/2004

Other Info

Bill Number : H R 4840
Title : To amend the Internal Revenue Code of 1986 to simplify the taxation of businesses.
 
 
ALL ACTIONS:
 
7/15/2004:Referred to the House Committee on Ways and Means.
 
7/21/2004 2:46pm:Mr. Portman moved to suspend the rules and pass the bill.
 
7/21/2004 2:46pm:Considered under suspension of the rules. (consideration: CR H6475-6483)
 
7/21/2004 2:46pm:DEBATE - The House proceeded with forty minutes of debate on H.R. 4840.
 
7/21/2004 3:28pm:At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
 
7/21/2004 5:36pm:Considered as unfinished business. (consideration: CR H6497)
 
7/21/2004 5:44pm:On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 424 - 0 (Roll no. 405). (text: CR H6475-6477)
 
7/21/2004 5:45pm:Motion to reconsider laid on the table Agreed to without objection.
 
7/22/2004:Received in the Senate.
 
9/7/2004:Read twice and referred to the Committee on Finance.