Bill114th CongressFiled Jun 18, 2015Taxation
H.R. 2842
Individual Rate Simplification Act of 2015
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jun 18, 2015)
Individual Rate Simplification Act of 2015
This bill amends the Internal Revenue Code to revise individual income tax rates to establish a 20% rate on taxable income of $1 million or less and a 30% rate on taxable income over $1 million for taxable years beginning after December 31, 2015. The bill requires an annual inflation adjustment to the $1 million threshold amount in taxable years beginning after 2016.
What just happenedJun 18, 2015
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Williams, Roger [R-TX-25](R-TX)Sponsor
1committees3actions2subjects
- Introduced in HouseJun 18, 2015
- Jun 18, 2015IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jun 18, 2015IntroReferralIntro-H
Introduced in House
- Jun 18, 2015IntroReferral1000
Introduced in House