H.R. 4052 · 113th Congress
Helping Our Middle-Class Entrepreneurs Act
- Stage
- In committee
- Sponsor
- Michelle Lujan Grisham
- Introduced
- 2014-02-11
- Latest action
- 2014-02-11 · Introduced in House
Summary
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.