HR 17394 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to remove the penalty for the underpayment of estimated tax in the case where the underpayment is due to income attributable to a new business started by the taxpayer during the taxable year.

Introduced 1974-10-16· Sponsored by Rep. Froehlich, Harold V. [R-WI-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1974-10-16)

Plain Language Summary

[AI summary unavailable — showing source text] Removes the penalty under the Internal Revenue Code for the underpayment of estimated tax in the case where the underpayment is due to income attributable to a new business started by the taxpayer during the taxable year.…

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