Key Votes
HR 9 - Income Tax Deduction for Small Businesses - Key Vote
National Key Votes
Alan Nunnelee voted Yea (Passage) on this legislation.
Read recent statements Alan Nunnelee 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)
