Bill114th CongressFiled May 13, 2015Taxation
H.R. 2310
HOME Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (May 13, 2015)
Helping Our Middle-Class Entrepreneurs Act or the HOME Act
Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. Provides for an inflation adjustment to the standard deduction amount in calendar years beginning after 2015.
What just happenedMay 13, 2015
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Lujan Grisham, Michelle [D-NM-1](D-NM)Sponsor
1committees3actions1related bills4subjects
- Introduced in HouseMay 13, 2015
- May 13, 2015IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 13, 2015IntroReferralIntro-H
Introduced in House
- May 13, 2015IntroReferral1000
Introduced in House