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. 11 April 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 11 April 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 April 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 · 11 April 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. Pattison, Edward W. [D-NY-29] · D · Cosponsor
• Sen. Harkin, Tom [D-IA] · D · Cosponsor
• Rep. Patterson, Jerry M. [D-CA-38] · D · Cosponsor
• Rep. Blanchard, James [D-MI-18] · D · Cosponsor
• Rep. D'Amours, Norman E. [D-NH-1] · D · Cosponsor
• Rep. Blouin, Michael [D-IA-2] · 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.