HR 5506 · 98th Congress · Taxation

New Economic Recovery Act of 1984

Introduced 1984-04-25· Sponsored by Rep. Corcoran, Tom [R-IL-14]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1984-04-25)

Plain Language Summary

[AI summary unavailable — showing source text] New Economic Recovery Act of 1984 - Amends the Internal Revenue Code to reduce the income tax rates on corporations as follows: (1) 12 percent of taxable income up to $50,000; (2) 24 percent of taxable income from over $50,000 to $100,000; and (3) 36 percent of taxable income over $100,000.…

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