Bill116th CongressFiled Jan 30, 2019Taxation
H.R. 901
Restoring Economic Opportunities for Small Family C–Corporations
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 (Jan 30, 2019)
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.)
What just happenedJan 30, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. King, Steve [R-IA-4](R-IA)Sponsor
1 cosponsor1 R
1cosponsors1committees3actions3subjects
- Introduced in HouseJan 30, 2019
- Jan 30, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jan 30, 2019IntroReferralIntro-H
Introduced in House
- Jan 30, 2019IntroReferral1000
Introduced in House