January 4th, 2010 by B
Photographer: melodi2
This bill will repeal the 50 percent deduction of business meals and entertainment tax and allow companies to deduct 80 percent of their taxes on business meals and entertainment. S. 2905 was referred to the Senate Committee on Finance.
December 31st, 2009 by B
Photographer: Indigo6811
This bill states the following, “In the case of a charitable contribution by an individual of qualified wild game meat, the amount of such contribution otherwise taken into account under this section shall be increased by the amount of the qualified processing fees paid with respect to such contribution. H.R. 4388 was referred to the Committee on Ways and Means.
December 23rd, 2009 by B
Photographer: Albert Lozano
This bill will deny pharmaceutical companies from deducting expense relating to the direct consumer advertising, in any media, of prescription pharmaceuticals. Organizations which promote children’s physical activities will have the option to claim a deduction. S. 2873 was referred to the Senate Committee on Finance.
November 25th, 2009 by B
Photographer: Brooke Anderson
This bill simply states, “None of the funds appropriated or otherwise made available to any Federal department or agency may be used to transfer any individual detained by the United States at Naval Station, Guantanamo Bay, Cuba, to Thomson Correctional Center, Thomson, Illinois.” H.R. 4097 was referred to the Committee on Armed Services.
November 24th, 2009 by B
Photographer: Topshelf
The purpose of this bill is to limit the penalty for small businesses who fail to disclose reportable transactions. The maximum penalty for failure to disclose reportable transaction will be $200,000 for a small business, and the minimum penalty will be $10,000. H.R. 4068 was referred to the Committee on Ways and Means.
November 18th, 2009 by B
Photographer: Library of Congress
Eligible small business will be given an income tax credit if more people are hired. The credit will be an amount equal to 15 percent of the combined wages paid for 2010 over 102 percent of the combined wages paid during 2009. H.R. 4056 was referred to the Committee on Ways and Means.
November 17th, 2009 by B
License: NASA
The American Recovery and Reinvestment Tax Act of 2009 (aka: economic stimulus package) will now include an investment credit. The investment credit will be used for a tax break and given to companies creating solar energy panels, solar cells, and other solar energy property. S. 2755 was referred to the Senate Committee on Finance.
November 3rd, 2009 by B
Photographer: cliff1066
A railroad company may be able to qualify for a 30 percent tax credit when purchasing newly built or newly remanufactured locomotives which meet the Clean Air Act. H.R. 3947 was referred to the Committee on Ways and Means.
October 26th, 2009 by B
Photographer: dbking
Under this bill, the one year termination of the estate tax will be repealed, the exclusion amount will go up to $5,000,000 by 2019, and the tax would be reduced to 35% by 2019. H.R. 3905 was referred to the Committee on Ways and Means.
October 19th, 2009 by B
Photographer: tofslie
This bill would extend the first-time homebuyer tax credit to October 1, 2010. H.R. 3842 was referred to the Committee on Ways and Means.
