HR 11142 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide tax relief to small businesses by establishing a graduated income tax rate for corporations.

Introduced 1978-02-23· Sponsored by Rep. Udall, Morris K. [D-AZ-2]· 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.(1978-02-23)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide graduted income tax rates for corporations with a maximum rate of 45 percent on income in excess of $150,000 and a minimum rate of 18 percent on income not in excess of $25,000.…

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