S 732 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide for a permanent reduction in the rate of tax paid by small business corporations.

Introduced 1977-02-11· Sponsored by Sen. Baker, Howard H., Jr. [R-TN]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1977-02-11)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to: (1) reduce the normal corporate income tax; (2) increase the corporate surtax; and (3) increase the corporate surtax exemption.…

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

Cosponsors (20)

20 Republicans