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

11 July 1978

Last action

11 July 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], Rep. Brown, Clarence, Jr. [R-OH-7], Rep. Brown, Garry E. [R-MI-3], Rep. Carr, Bob [D-MI-8], Rep. Cleveland, James C. [R-NH-2], Rep. Coleman, E. Thomas [R-MO-6], Rep. Gilman, Benjamin A. [R-NY-20], Sen. Grassley, Chuck [R-IA], Sen. Harkin, Tom [D-IA], Rep. Hyde, Henry J. [R-IL-6], Rep. Ireland, Andrew P. [R-FL-10], Rep. McKay, K. Gunn [D-UT-1], Rep. Mattox, James A. [D-TX-5], Sen. Pressler, Larry [R-SD], Rep. Quie, Albert H. [R-MN-1], Rep. Rahall, Nick J., II [D-WV-3], Rep. Stangeland, Arlan [R-MN-7], Rep. Thone, Charles [R-NE-1], Sen. Trible, Paul S., Jr. [R-VA], Rep. Walker, Robert S. [R-PA-16], Rep. Wilson, Charles [D-TX-2], Rep. Yatron, Gus [D-PA-6]

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

11 July 1978
Introduced
Referred to House Committee on Ways and Means.
Source: IntroReferral
11 July 1978
Introduced
Introduced in House
Source: IntroReferral
11 July 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 · 11 July 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/13419
Open data entity: https://api.congress.gov/v3/bill/95/hr/13419
us · 95-hr-13419 · source updated 1 August 2024