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

21 June 1978

Last action

21 June 1978 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Smith, Neal Edward [D-IA-4], Rep. Pickle, J. J. [D-TX-10], Rep. Corman, James C. [D-CA-21], Rep. Conte, Silvio O. [R-MA-1], Sen. Baucus, Max [D-MT], Rep. Buchanan, John [R-AL-6], Rep. Cunningham, John E. (Jack) [R-WA-7], Rep. D'Amours, Norman E. [D-NH-1], Rep. Devine, Samuel L. [R-OH-12], Rep. Evans, David W. [D-IN-6], Rep. Fenwick, Millicent H. [R-NJ-5], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Fuqua, Don [D-FL-2], Rep. Guyer, Tennyson [R-OH-4], Rep. Huckaby, Thomas J. (Jerry) [D-LA-5], Sen. Kasten, Robert W., Jr. [R-WI], Rep. Levitas, Elliott H. [D-GA-4], Rep. Kildee, Dale E. [D-MI-5], Rep. Kindness, Thomas N. [R-OH-8], Rep. Lloyd, James F. [D-CA-35], Rep. Marks, Marc L. [R-PA-24], Rep. Perkins, Carl Dewey [D-KY-7], Rep. Preyer, Richardson [D-NC-6], Rep. Udall, Morris K. [D-AZ-2], Rep. Wydler, John W. [R-NY-5]

Subjects

Taxation

Source updated

1 August 2024

Taxation

Official source View documents Share

Summary

Amends the Internal Revenue Code by providing graduated corporate income tax rates ranging, over seven brackets, from a 16 percent rate on a corporation's first $25,000 income to a 45 percent rate on income over $150,000.

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

Timeline

21 June 1978
Introduced
Referred to House Committee on Ways and Means.
Source: IntroReferral
21 June 1978
Introduced
Introduced in House
Source: IntroReferral
21 June 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 · 21 June 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

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/95th-congress/house-bill/13222
Open data entity: https://api.congress.gov/v3/bill/95/hr/13222
us · 95-hr-13222 · source updated 1 August 2024