HB+71


 * HB 71**

HB71
 * Bill #-**

ZQUINN (I - IL), ZSMIERCIAK (I - CA)
 * Sponsors-**

Tax Reformation
 * Topic-**

HB71 Tax Reformation for the Benefit of America
 * Title-**

During a recession:
 * Purpose-**

(1) To not tax small business with a little profit, or any American citizen who is unemployed

All individuals will not be taxed if he or she
 * Eligibility-**

(1) is let off from their job

(2) is a small business, making a little profit (not the people in the business, but the business itself)

All Terms and Benefits will take place during the time of a recesion, therefore, if the United States are not in a recesion, standard taxing will still be used.
 * Terms and Benefits-**

(1) all individuals or companies recieve a 100% deductions off their current taxes must have been let off their jobs, or be a small business that makes a little profit.

(2) once an individual find another job, or a small business gains a high profit, they will be required to pay off the money that the government gave to pay off the tax. This payment will be a very small amount each month until it is fully payed off.

(3) no interest will be charged on the money that the individuall/ business will owe the government

Marketing: $1 million Description - TV ADD describing how are bill will benefit the United States and the problems we are dealing with.
 * Fiscal Impact Category Amount** **Description**

Other: $20 million Description - Amount of money that the government is going to have to pay for all of the money they are lending. (All of the out-going money will come back in time**.**)


 * Total $21 million**