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

8 March 1978

Last action

8 March 1978 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Smith, Neal Edward [D-IA-4], Rep. Conte, Silvio O. [R-MA-1], Rep. Corman, James C. [D-CA-21], Rep. Pickle, J. J. [D-TX-10], Rep. Boland, Edward P. [D-MA-2], Rep. Bonker, Don [D-WA-3], Rep. Cleveland, James C. [R-NH-2], Rescom. Corrada, Baltasar [I-PR-At Large], Rep. Edgar, Robert W. [D-PA-7], Rep. Edwards, Don [D-CA-10], Rep. Evans, Frank E. [D-CO-3], Rep. Evans, Billy Lee [D-GA-8], Rep. Hughes, William J. [D-NJ-2], Rep. Lloyd, James F. [D-CA-35], Rep. McCormack, Mike [D-WA-4], Rep. McKay, K. Gunn [D-UT-1], Rep. McKinney, Stewart B. [R-CT-4], Rep. Marriott, David Daniel [R-UT-2], Rep. Mollohan, Robert H. [D-WV-1], Rep. Rangel, Charles B. [D-NY-15], Rep. Reuss, Henry S. [D-WI-5], Rep. Skelton, Ike [D-MO-4], Rep. Vento, Bruce F. [D-MN-4], Rep. Whitehurst, G. William [R-VA-2]

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

8 March 1978
Introduced
Referred to House Committee on Ways and Means.
Source: IntroReferral
8 March 1978
Introduced
Introduced in House
Source: IntroReferral
8 March 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 · 8 March 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

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/11391
Open data entity: https://api.congress.gov/v3/bill/95/hr/11391
us · 95-hr-11391 · source updated 1 August 2024