To repeal the provision of the Internal Revenue Code of 1986 which provides that the accumulated earnings tax shall be applied without regard to the number of shareholders in the corporation.

Summary

Repeals a provision of the Internal Revenue Code that subjects corporations to the accumulated earnings tax regardless of the number of shareholders.

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

Timeline

1. 4 January 1989

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 4 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 January 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 26 October 1989

   Committee

   Subcommittee Hearings Held.

   Source: Committee

5. 26 October 1989

   Referred

   Referred to the Subcommittee on Select Revenue Measures.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 4 January 1989

  Open at official source

Sponsors

• Rep. Crane, Philip M. [R-IL-12] · R · Sponsor
• Rep. Frenzel, Bill [R-MN-3] · R · Cosponsor
• · hswm00 · Standing

Related records

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