HR 1643 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954, as amended, to help small businesses by providing a corporate tax exemption on the first $100,000 of taxable income.

Introduced 1973-01-09· Sponsored by Rep. Rarick, John R. [D-LA-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-01-09)

Plain Language Summary

[AI summary unavailable — showing source text] Increases, from $25,000 to $100,000 the exemption from corporate income tax for small businesses under the Internal Revenue Code. (Amends 26 U.S.C. 11)…

Summarized by Claude AI · Non-partisan · For informational purposes only