Key Votes
HR 9 - Income Tax Deduction for Small Businesses - Key Vote
National Key Votes
John Fleming, Jr. voted Yea (Passage) on this legislation.
Read recent statements John Fleming, Jr. made in this general time period.
Stages
Family
Issues
Stage Details
Legislation - Referred to Committee (Senate) - April 23, 2012
Legislation - Bill Passed (House) (235-173) - April 19, 2012 (Key vote)
Title: Income Tax Deduction for Small Businesses
Vote to pass a bill that establishes an income tax deduction of 20 percent for small businesses, beginning in the 2012 tax year.
- Authorizes a qualified small business to claim a tax deduction of 20 percent of the lesser of the following (Sec. 2):
- Qualified domestic business income for the taxable year; or
- Taxable income for the taxable year.
- Defines a “qualified small business” as any employer engaged in a trade or business who employs fewer than 500 full-time employees (Sec. 2).
- Defines “qualified domestic business income” as the businesses' gross receipts for the taxable year, minus the cost of any goods that were sold, business expenses, and losses (Sec. 2).
- Limits the deduction to 50 percent of the greater of the following (Sec. 2):
- The wages paid to employees who are not owners of the business; or
- The sum of the wages paid to non-owner family members and owners of less than 10 percent of the business' stock, capital or profits.
Legislation - Introduced (House) - March 21, 2012
Title: Income Tax Deduction for Small Businesses
Sponsors
Co-sponsors
- W. Todd Akin (MO - R) (Out Of Office)
- Steven 'Steve' Austria (OH - R) (Out Of Office)
- Spencer T. Bachus (AL - R)
- Judy Biggert (IL - R) (Out Of Office)
- Diane L. Black (TN - R)
- David Lee 'Dave' Camp (MI - R)
- Francisco R. 'Quico' Canseco (TX - R) (Out Of Office)
- Steven J. 'Steve' Chabot (OH - R)
- Michael 'Mike' Coffman (CO - R)
- Chip Cravaack (MN - R) (Out Of Office)
- Trent Franks (AZ - R)
- Elton W. Gallegly (CA - R) (Out Of Office)
- Kay Granger (TX - R)
- Samuel B. 'Sam' Graves (MO - R)
- Frank C. Guinta (NH - R) (Out Of Office)
- Gregg Harper (MS - R)
- Richard 'Doc' Hastings (WA - R)
- Adam Kinzinger (IL - R)
- John P. Kline (MN - R)
- Robert Edward 'Bob' Latta (OH - R)
- Billy Long (MO - R)
- Daniel E. 'Dan' Lungren (CA - R) (Out Of Office)
- Kevin McCarthy (CA - R)
- Michael T. McCaul (TX - R)
- John L. Mica (FL - R)
- Candice S. Miller (MI - R)
- Shelley Moore Capito (WV - R)
- Suellen W. 'Sue' Myrick (NC - R) (Out Of Office)
- Kristi Noem (SD - R)
- Pete Olson (TX - R)
- Ted Poe (TX - R)
- Thomas W. 'Tom' Reed II (NY - R)
- David Rivera (FL - R) (Out Of Office)
- Dennis A. Ross (FL - R)
- Stephen J. 'Steve' Scalise (LA - R)
- Robert 'Bobby' Schilling (IL - R) (Out Of Office)
- Aaron Schock (IL - R)
- Timothy E. 'Tim' Scott (SC - R) (Out Of Office)
- Lamar S. Smith (TX - R)
- Greg P. Walden (OR - R)
- Lynn A. Westmoreland (GA - R)
- Robert J. 'Rob' Wittman (VA - R)
