HR 609
112th Congress
House
Taxation
Corporate finance and management
Income tax rates
American Competitiveness Act of 2011
Introduced: February 10, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 10, 2011
Referred to the House Committee on Ways and Means.
Feb 10, 2011
Introduced in House
Plain-English summary
American Competitiveness Act of 2011 - Amends the Internal Revenue Code to reduce the maximum income tax rate on corporations to 25% of corporate taxable income exceeding $50,000. Provides a special rule for any taxable year beginning in 2011 by establishing a maximum 30% rate for corporate taxable income exceeding $75,000.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1