Small Business Tax Reduction Act of 1999

Small Business Tax Reduction Act - Amends the Internal Revenue Code to provide a variety of tax credits, deductions, and incentives for small businesses, including: (1) the full deduction of health insurance costs for the self-employed; (2) a limited credit for employer-provided child care; (3) increased retirement and pension plan tax benefits; (4) an increase in the expensing limitation; (5) a limited new markets tax credit; (6) a limited credit for information technology training program expenses; (7) educational incentives; (8) extending the work opportunity and welfare-to-work credit; (9) an increased estate tax deduction for family-owned businesses; and (10) permitting the disclosure of taxpayer identity information to a State for the purpose of carrying out a combined Federal and State employment tax reporting program.