HR 3032 · 95th Congress · Income tax

Tax Reduction Act

Introduced 1977-02-02· Sponsored by Rep. Ruppe, Philip E. [R-MI-11]· 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.(1977-02-02)

Plain Language Summary

[AI summary unavailable — showing source text] Tax Reduction Act - Amends the Internal Revenue Code to reduce certain individual income taxes by lowering the tax rate imposed on income within different brackets while maintaining the same threshold amount of tax for each bracket. Increases the corporate surtax exemption to $100,000.…

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