A bill to amend the Internal Revenue Code of 1954 to increase the minimum accumulated earnings credit from $150,000 to $1,000,000.

Summary

Amends the Internal Revenue Code to increase from $150,000 to $1,000,000 the minimum amount of retained earnings which a corporation may accumulate without being subject to the tax on accumulated earnings.

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

Timeline

1. 3 September 1980

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 3 September 1980

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 September 1980

   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 · 3 September 1980

  Open at official source

Sponsors

• Rep. Stangeland, Arlan [R-MN-7] · R · Sponsor
• · hswm00 · Standing

Related records

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