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

—

Status

Referred to House Committee on Ways and Means.

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.

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Votes

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Versions

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Documents

1 official file

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

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/10903
Open data entity: https://api.congress.gov/v3/bill/95/hr/10903