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 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.

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Timeline

1. 7 August 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 7 August 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 August 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 · 7 August 1978

  Open at official source

Sponsors

• Rep. Smith, Neal Edward [D-IA-4] · D · Sponsor
• Rep. Pickle, J. J. [D-TX-10] · D · Cosponsor
• Rep. Corman, James C. [D-CA-21] · D · Cosponsor
• Rep. Conte, Silvio O. [R-MA-1] · R · Cosponsor
• Rep. Clausen, Don H. [R-CA-2] · R · Cosponsor
• Rep. Cornwell, David L. [D-IN-8] · D · Cosponsor
• Rep. Hefner, W. G. (Bill) [D-NC-8] · D · Cosponsor
• Rep. Hubbard, Carroll, Jr. [D-KY-1] · D · Cosponsor
• Rep. Hughes, William J. [D-NJ-2] · D · Cosponsor
• Rep. Lent, Norman F. [R-NY-4] · R · Cosponsor
• Rep. Railsback, Thomas F. [R-IL-19] · R · Cosponsor
• Rep. Roe, Robert A. [D-NJ-8] · D · Cosponsor
• Rep. Spence, Floyd [R-SC-2] · R · Cosponsor
• Rep. Stump, Bob [R-AZ-3] · R · Cosponsor
• Rep. Volkmer, Harold L. [D-MO-9] · 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.