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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Ways and Means
    IntroducedOctober 28th, 2009

Bill Details

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Title

Helping Small Businesses Grow and Prosper Act of 2009

Official Title

To amend the Internal Revenue Code of 1986 increase the amount allowable as a deduction for meals and entertainment expenses of small businesses.

Summary

Helping Small Businesses Grow and Prosper Act of 2009 - Amends the Internal Revenue Code to increase the amount of business-related meal and entertainment expenses allowed as a tax deduction for businesses that employ an average of less than 50 employees in a taxable year to 80% (currently, 50%) of such expenses.

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