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

14 March 1979

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to establish a graduated, seven-tier corporate income tax rate schedule, imposing the uppermost (45 percent) marginal rate upon corporate income in excess of $150,000. Provides that the rate of tax on corporate income over $150,000 which is received or accrued after December 31, 1979, and before January 1, 1981, shall be 46 percent.

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Documents

1 official file

Introduced in House
summary · EN · 14 March 1979
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/2913
Open data entity: https://api.congress.gov/v3/bill/96/hr/2913