HR 8070 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the minimum accumulated earnings credit from $150,000 to $1,000,000.

Introduced 1980-09-03· Sponsored by Rep. Stangeland, Arlan [R-MN-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1980-09-03)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase from $150,000 to $1,000,000 the minimum amount of retained earnings which a corporation may accumulate without being subject to the tax on accumulated earnings.…

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