A bill to amend the Internal Revenue Code of 1954 to implement a flat rate tax system.

Summary

Amends the Internal Revenue Code to provide for a flat rate tax of 19 percent on both individual and business income. Sets forth rules for the computation of individual taxable income and business taxable income. Allows for specified personal allowances in the computation of individual taxable income. Defines a "business" as any sole proprietorship, partnership, or corporation. Exempts State and local governments and certain charitable organizations from the business tax. Provides for the withholding of employee income tax.

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Timeline

1. 23 May 1984

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 23 May 1984

   Introduced

   Introduced in House

   Source: IntroReferral

3. 23 May 1984

   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 · 23 May 1984

  Open at official source

Sponsors

• Sen. Shelby, Richard C. [D-AL] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1954 to implement a flat rate tax system.