To reform the Internal Revenue Code of 1986.

Summary

This bill amends the Internal Revenue Code to reduce tax rates and modify policies for individuals and businesses. The bill includes provisions to: reduce the tax rates for individuals; reduce the tax rates for corporations and on other business income; allow increased expensing of the costs of certain business property; repeal the estate tax; modify the taxation of foreign income; specify that a change in the organizational structure of a corporation is not a taxable event if there is no change among the owners, their ownership interests, or the assets of the organization; and repeal the tax on net investment income.

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

Timeline

1. 14 November 2017

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 14 November 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 November 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 November 2017 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 November 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 November 2017

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 November 2017

  Open at official source

Sponsors

• Rep. Biggs, Andy [R-AZ-5] · R · Sponsor
• · hswm00 · Standing

Related records

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