HR 1742 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide equitable tax relief to America's small businesses.

Introduced 1975-01-20· Sponsored by Rep. Talcott, Burt L. [R-CA-16]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-01-20)

Plain Language Summary

[AI summary unavailable — showing source text] Increases the surtax exemption for qualified corporations from the present level of $25,000 to $50,000 for taxable year 1976 and an additional $10,000 per year up to $100,000 in 1980.…

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