HR 5599 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide a maximum individual income tax rate of 50 percent.

Introduced 1979-10-16· Sponsored by Rep. Frenzel, Bill [R-MN-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-10-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to require a maximum individual income tax rate of 50 percent. Provides for the phasing-in of such 50 percent rate by five percent decrements over four years, beginning with 65 percent in 1980.…

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