US HB1074 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Republican 13-0)
Status: Introduced on March 14 2011 - 25% progression, died in committee
Action: 2011-03-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 14 2011 - 25% progression, died in committee
Action: 2011-03-14 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to reduce to 10%: (1) the income tax rate on corporations, including personal service corporations; and (2) the capital gains income of individuals and corporations. Makes provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 that reduce tax rates on capital gains income permanent.
Title
To amend the Internal Revenue Code of 1986 to reduce the corporate income tax rate to 10 percent and to lower the rate of tax on capital gains and dividends to 10 percent.
Sponsors
| Rep. Scott Tipton [R-CO] | Rep. Dan Benishek [R-MI] | Rep. Ann Buerkle [R-NY] | Rep. Jason Chaffetz [R-UT] |
| Rep. Bob Gibbs [R-OH] | Rep. Vicky Hartzler [R-MO] | Rep. Jack Kingston [R-GA] | Rep. Doug Lamborn [R-CO] |
| Rep. Steven Palazzo [R-MS] | Rep. Ron Paul [R-TX] | Rep. Stevan Pearce [R-NM] | Rep. Thomas Rooney [R-FL] |
| Rep. Dennis Ross [R-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-03-14 | House | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB934 (Related) 2011-03-03 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/1074/all-info |
| Text | https://www.congress.gov/112/bills/hr1074/BILLS-112hr1074ih.pdf |
