legislation: 102-hr-3325

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
102-hr-3325 102 hr 3325 To allow Connecticut to permit certain recipients of aid to families with dependent children a one-time election to purchase capital equipment for a small business, to prohibit depreciation of such equipment, and to require that repayments by such persons of the principal portion of small business loans be treated as business expenses for purposes of the program of aid to families with dependent children. Social Welfare 1991-09-12 1991-10-10 Referred to the Subcommittee on Human Resources. House Rep. Kennelly, Barbara B. [D-CT-1] CT D K000118 0 Amends the Social Security Act to authorize Connecticut, for purposes of the aid to families with dependent children program (AFDC), to permit a self-employment program participant: (1) a one-time election to expense rather than depreciate purchased capital equipment; and (2) to expense principal repayments on a business loan. Amends the Internal Revenue Code to prohibit a depreciation deduction for certain property of AFDC recipients. 2024-02-07T16:32:33Z  

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