Crane Tithe Tax Act of 1993

Summary

Crane Tithe Tax Act of 1993 - Amends the Internal Revenue Code to repeal the following taxes: (1) the corporate income tax; (2) the alternative minimum tax as it applies to corporations; (3) the tax on the unrelated business income of tax-exempt organizations; (4) the tax on the accumulated earnings of certain corporations; (5) the tax applied to personal holding companies; (6) the alternative tax for certain mutual savings banks; (7) income taxes imposed on insurance companies, regulated investment companies, and real estate investment trusts; and (8) the tax on the income of foreign corporations connected with U.S. business. Revises the individual income tax to impose a ten percent tax on an individual's earned income that exceeds $10,000 (adjusted annually based on the Consumer Price Index). Includes as earned income: (1) wages, salaries, and other employee compensation; (2) net earnings from self-employment; and (3) dividends from a personal service corporation or other direct or indirect compensation for services. Exempts tips and amounts received as a pension or annuity. Declares tax amnesty with respect to income tax liability and associated penalties and interest for pre-1992 taxable years. Repeals all tax exclusions, tax deductions, and tax credits currently used to determine individual income tax liability. Repeals the estate tax, the gift tax, and the tax on certain generation-skipping transfers.

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

Timeline

1. 3 March 1993

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 3 March 1993

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 March 1993

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 August 1993

   Committee

   See H.R.2264.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 3 March 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 March 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 March 1993

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 3 March 1993

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Crane, Philip M. [R-IL-8] · R · Sponsor
• Rep. Burton, Dan [R-IN-5] · R · Cosponsor
• Rep. Johnson, Sam [R-TX-3] · R · Cosponsor
• Rep. Dornan, Robert K. [R-CA-46] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Omnibus Budget Reconciliation Act of 1993