legislation: 96-hr-6744

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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
96-hr-6744 96 hr 6744 Small Business Earnings Retention Act of 1980 Commerce 1980-03-06 1980-03-06 Referred to House Committee on Ways and Means. House Rep. Winn, Larry, Jr. [R-KS-3] KS R W000636 20 Small Business Earnings Retention Act of 1980 - Amends the Internal Revenue Code to: (1) permit business to accumulate up to $500,000 of earnings without incurring liability for the tax on accumulated earnings; (2) increase from $100,000 to $500,000 the dollar amount of used investment property eligible for the investment tax credit; and (3) permit business with gross receipts of less than $1,000,000 for the last two preceeding taxable years to elect to use the cash method of accumulating in reporting inventories. 2025-09-02T13:54:28Z  

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