A bill to amend the Internal Revenue Code of 1954 to increase the amount of earnings and profits which a corporation may accumulate without being subject to the accumulated earnings tax.

Summary

Increases the accumulated earnings credit for accumulated taxable corporate income from $100,000 to $500,000 under the Internal Revenue Code.

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

Timeline

1. 18 July 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 18 July 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 July 1975

   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 · 18 July 1975

  Open at official source

Sponsors

• Rep. Duncan, John J. [R-TN-2] · R · Sponsor
• · hswm00 · Standing

Related records

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