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. 23 February 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 23 February 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 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 · 23 February 1978

  Open at official source

Sponsors

• Rep. Udall, Morris K. [D-AZ-2] · D · Sponsor
• · 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.