- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Ways and MeansIntroducedOctober 28th, 2009
- house Committees
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Helping Small Businesses Grow and Prosper Act of 2009
To amend the Internal Revenue Code of 1986 increase the amount allowable as a deduction for meals and entertainment expenses of small businesses.
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.