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.

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

1. 9 February 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 9 February 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 February 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 9 February 1978

  Open at official source

Sponsors

• Rep. Smith, Neal Edward [D-IA-4] · D · Sponsor
• Rep. Corman, James C. [D-CA-21] · D · Cosponsor
• Rep. Conte, Silvio O. [R-MA-1] · R · Cosponsor
• Rep. Baldus, Alvin J. [D-WI-3] · D · Cosponsor
• Rep. Nolan, Richard M. [D-MN-8] · D · Cosponsor
• Rep. Ichord, Richard H. [D-MO-8] · D · Cosponsor
• Sen. Pressler, Larry [R-SD] · R · Cosponsor
• Rep. Nowak, Henry [D-NY-33] · D · Cosponsor
• Rep. Luken, Thomas A. [D-OH-1] · D · Cosponsor
• Rep. LeFante, Joseph A. [D-NJ-14] · D · Cosponsor
• Rep. Ireland, Andrew P. [R-FL-10] · R · Cosponsor
• Rep. Hefner, W. G. (Bill) [D-NC-8] · D · Cosponsor
• Sen. Fowler, Wyche, Jr. [D-GA] · D · Cosponsor
• Rep. Mottl, Ronald M. [D-OH-23] · D · Cosponsor
• Sen. Kasten, Robert W., Jr. [R-WI] · R · Cosponsor
• Rep. Jacobs, Andrew, Jr. [D-IN-10] · D · Cosponsor
• · hswm00 · Standing

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.