HR 8370 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the accumulated earnings credit from $150,000 to $300,000.

Introduced 1980-11-19· Sponsored by Rep. Mottl, Ronald M. [D-OH-23]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1980-11-19)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase from $150,000 to $300,000 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