A bill to amend the Internal Revenue Code of 1954 to provide tax relief to small businesses by establishing a graduated income tax rate for corporations.

referredUnited States· United States Congress· EN

Introduced

9 February 1978

Last action

9 February 1978 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Smith, Neal Edward [D-IA-4], Rep. Corman, James C. [D-CA-21], Rep. Conte, Silvio O. [R-MA-1], Rep. Mikva, Abner J. [D-IL-10], Rep. Steed, Tom [D-OK-4], Rep. Stanton, J. William [R-OH-11], Rep. Addabbo, Joseph P. [D-NY-6], Rep. Lloyd, Marilyn [D-TN-3], Rep. Frenzel, Bill [R-MN-3], Rep. St Germain, Fernand J. [D-RI-1], Rep. McDade, Joseph M. [R-PA-10], Rep. Carney, Charles J. [D-OH-19], Rep. Gonzalez, Henry B. [D-TX-20], Rep. Hanley, James M. [D-NY-32], Rep. Jenkins, Edgar L. [D-GA-9], Rep. Carter, Tim Lee [R-KY-5], Rep. Breckinridge, John B. [D-KY-6], Rep. LaFalce, John J. [D-NY-29], Rep. Ginn, Bo [D-GA-1], Rep. Keys, Martha E. [D-KS-2], Rep. Richmond, Frederick W. [D-NY-14], Rep. Fenwick, Millicent H. [R-NJ-5], Rep. Russo, Martin A. [D-IL-3], Rep. Butler, M. Caldwell [R-VA-6]

Subjects

Taxation

Source updated

1 August 2024

Taxation

Official source View documents Share

Summary

Amends the Internal Revenue Code to provide graduted income tax rates for corporations with a maximum rate of 45 percent on income in excess of $150,000 and a minimum rate of 18 percent on income not in excess of $25,000.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

9 February 1978
Introduced
Referred to House Committee on Ways and Means.
Source: IntroReferral
9 February 1978
Introduced
Introduced in House
Source: IntroReferral
9 February 1978
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

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Introduced in House
summary · EN · 9 February 1978
Open at official source

Related records

related to → A bill to amend the Internal Revenue Code of 1954 to provide tax relief to small businesses by establishing a graduated income tax rate for corporations.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/95th-congress/house-bill/10902
Open data entity: https://api.congress.gov/v3/bill/95/hr/10902
us · 95-hr-10902 · source updated 1 August 2024