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H.R. 4840: Tax Simplification for America's Job Creators Act of 2004

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H.R. 4840: Tax Simplification for America's Job Creators Act of 2004

108th Congress · introduced 2004-07-15 · Taxation · Latest: Read twice and referred to the Committee on Finance.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2004-07-15 · official record
  2. Who proposed it: Rep. Crane, Philip M. [R-IL-8] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 405 (2004): On Motion to Suspend the Rules and Pass, HR4840 (2004-07-21), Passed. See all
  4. Where it stands now: Read twice and referred to the Committee on Finance. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Tax Simplification for America's Job Creators Act of 2004

Plain summary

(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Tax Simplification for America's Job Creators Act of 2004 - Amends the Internal Revenue Code to extend for two additional years (through 2007): (1) the increased expensing (up to $100,000) of small business assets; (2) the increase (to $400,000) in the cost limitation for property eligible for expensing; and (3) the inflation adjustments for the increased expensing amount and the limitation amount. Allows an inflation adjustment, beginning in 2004, of the $5 million gross receipts test amount used to determine eligibility for the cash method of accounting. Repeals or amends certain expired or inoperative provisions of the Internal Revenue Code. Enacts a savings provision to prevent changes in tax liability resulting from repeals or amendments made by this Act for periods ending after the date of enactment of this Act.

Congressional Research Service summary (Passed House without amendment), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Tax Simplification for America's Job Creators Act of 2004

Source: Congressional Research Service summary (Passed House without amendment)

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The strongest published arguments

Arguments for (supporters)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Crane, Philip M. [R-IL-8] · 18 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Joe Wilson (R-SC)

Recorded votes

Sources

Record fed-us-cong108-hr4840 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108