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S. 1260

HOME Act

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.

Read twice and referred to the Committee on Finance.

Sen. Udall, Tom [D-NM](D-NM)Sponsor
1 cosponsor1 R
1cosponsors1committees2actions1related bills4subjects
  • Introduced in SenateJun 27, 2013
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

  2. IntroReferral10000

    Introduced in Senate

HOME Act — Informed