H.R. 1074 · 112th Congress
To amend the Internal Revenue Code of 1986 to reduce the corporate income tax rate to 10 percent and to lower…
Full 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.
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
TiptonSponsor12 cosponsors · 12 R
R
Benishek
JC
R
Chaffetz
BG
R
Gibbs
JK
R
Kingston
DL
R
Lamborn
RP
R
Paul
SP
R
Pearce
SP
R
Palazzo
TR
R
Rooney
DR
R
Ross
AM
R
Marie Buerkle
VH
R
Hartzler0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in House · Mar 14, 2011
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official 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.
Latest action (Mar 14, 2011): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Mar 14, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.