Rep. Panetta Introduces Legislation to Help Women-Owned Small Businesses by Eliminating Effects of Outdated Tax Law
April 28, 2021
April 28, 2021
WASHINGTON, April 28 -- Rep. Jimmy Panetta, D-California, issued the following news release:
Congressman Jimmy Panetta (D-Carmel Valley) and Congressman Jodey Arrington (R-TX-19) introduced the Family Attribution Modernization Act. The bipartisan legislation would modernize current tax law that penalizes small businesses in community property states, and disproportionately impacts women business owners.
There currently exist nine community property states, including Cal . . .
Congressman Jimmy Panetta (D-Carmel Valley) and Congressman Jodey Arrington (R-TX-19) introduced the Family Attribution Modernization Act. The bipartisan legislation would modernize current tax law that penalizes small businesses in community property states, and disproportionately impacts women business owners.
There currently exist nine community property states, including Cal . . .