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To amend the Internal Revenue Code of 1986 to allow for deductions for the performance of certain services by a taxpayer, and for other purposes.

12/15/2023, 4:01 PM

Congressional Summary of HR 4967

This bill allows a deduction from gross income (above-the-line deduction) for expenses incurred by an employee if such expenses are for construction tools, personal protective clothing and gear, and other expenses necessary for the employee to be able to work. This allowance is an exception to the general rule that employee expenses are not deductible business expenses.

Current Status of Bill HR 4967

Bill HR 4967 is currently in the status of Bill Introduced since July 27, 2023. Bill HR 4967 was introduced during Congress 118 and was introduced to the House on July 27, 2023.  Bill HR 4967's most recent activity was Referred to the House Committee on Ways and Means. as of July 27, 2023

Bipartisan Support of Bill HR 4967

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4967

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 4967

To amend the Internal Revenue Code of 1986 to allow for deductions for the performance of certain services by a taxpayer, and for other purposes.
To amend the Internal Revenue Code of 1986 to allow for deductions for the performance of certain services by a taxpayer, and for other purposes.

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