< Back to H.R. 115 (104th Congress, 1995–1996)

Text of To amend the Internal Revenue Code of 1986 to clarify the deduction for business use of the home.

...home.

This bill was introduced on January 4, 1995, in a previous session of Congress, but was not enacted. The text of the bill below is as of Jan 4, 1995 (Introduced).

Source: GPO

HR 115 IH

104th CONGRESS

1st Session

H. R. 115

To amend the Internal Revenue Code of 1986 to clarify the deduction for business use of the home.

IN THE HOUSE OF REPRESENTATIVES

January 4, 1995

Mr. MFUME introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to clarify the deduction for business use of the home.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. CLARIFICATION OF DEDUCTION FOR BUSINESS USE OF THE HOME.

    (a) IN GENERAL- Paragraph (1) of section 208A(c) of the Internal Revenue Code of 1986 (relating to exceptions for certain business or rental use) is amended by adding at the end thereof the following: ‘For purposes of subparagraph (A), in the case of a trade or business which would not (but for this sentence) have a principal place of business, its principal place of business shall be where substantially all of the management activities for such trade or business occur.’

    (b) EFFECTIVE DATE- The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 1994.