Restoring Economic Opportunities for Small Family C-Corporations

Summary

Restoring Economic Opportunities for Small Family C-Corporations This bill reinstates (1) the 15% corporate tax bracket for up to $50,000 in taxable income, and (2) the additional tax on corporations with taxable income that exceeds $100,000. The bill limits the additional tax to the lesser of 5% of the excess or $3,000. (Under current law, corporations are taxed at a flat 21% rate.)

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Timeline

1. 27 November 2018

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 27 November 2018

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 November 2018

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 27 November 2018 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 November 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 27 November 2018

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 27 November 2018

  Open at official source

Sponsors

• Steve King · R · Sponsor
• Rod Blum · R · Sponsor
• · hswm00 · Standing

Related records

• related to → Restoring Economic Opportunities for Small Family C–Corporations