HR 12554 · 95th Congress · Dividend tax

A bill to amend the Internal Revenue code of 1954 to provide for individuals a 20-percent maximum rate of income tax for certain amounts of dividends from common stock of domestic corporations.

Introduced 1978-05-03· Sponsored by Rep. Heftel, Cecil [D-HI-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-05-03)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to limit to 20 percent the income tax rate on common stock dividend income under $2,000 of individuals earning less that $50,000 a year.…

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