Bill Summary & Status for the 106th Congress

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S.962
Sponsor: Sen Leahy, Patrick J.(introduced 5/5/1999)
Latest Major Action: 5/5/1999 Referred to Senate committee
Title: A bill to allow a deduction from gross income for year 2000 computer conversion costs of small businesses.
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TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions) (Floor Actions/Congressional Record Page References)
5/5/1999:
Read twice and referred to the Committee on Finance.
COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***

AMENDMENT(S):

***NONE***

COSPONSORS(1), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Sen Dodd, Christopher J. - 5/5/1999

SUMMARY AS OF:
5/5/1999--Introduced.

Small Business Y2K Compliance Act of 1999 - Amends the Internal Revenue Code to allow a business to deduct up to $40,000 for Y2K computer conversion costs.