S. 1260 · 113th Congress
Helping Our Middle-Class Entrepreneurs Act
- Stage
- In committee
- Sponsor
- Tom Udall
- Introduced
- 2013-06-27
- Latest action
- 2013-06-27 · Introduced in Senate
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.