H.R. 4383 · 115th Congress
To reform the Internal Revenue Code of 1986.
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BiggsSponsorNo cosponsors.
This bill amends the Internal Revenue Code to reduce tax rates and modify policies for individuals and businesses.
What it does: CRS summary · Introduced in House · Nov 14, 2017
This bill amends the Internal Revenue Code to reduce tax rates and modify policies for individuals and businesses.
The bill includes provisions to:
- reduce the tax rates for individuals;
- reduce the tax rates for corporations and on other business income;
- allow increased expensing of the costs of certain business property;
- repeal the estate tax;
- modify the taxation of foreign income;
- specify that a change in the organizational structure of a corporation is not a taxable event if there is no change among the owners, their ownership interests, or the assets of the organization; and
- repeal the tax on net investment income.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To reform the Internal Revenue Code of 1986.
Latest action (Nov 14, 2017): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Nov 14, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.