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HR 4518 114th Congress House

Create Jobs Act

Official title: To amend the Internal Revenue Code of 1986 to lower the corporate rate of income tax to the OECD average, and for other purposes.

Introduced: February 10, 2016 Introduced by: Emmer, Tom Republican · Minnesota See on congress.gov
Taxation Corporate finance and managementIncome tax ratesLegislative rules and procedure
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 10, 2016
Referred to the House Committee on Ways and Means.
Feb 10, 2016
Introduced in House
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 Latest action February 10, 2016

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Corporate Rate Equality and Trade Empowerment Jobs Act of 2016 or the Create Jobs Act

This bill amends the Internal Revenue Code to lower the rate of tax on the taxable income of corporations to the greater of: (1) 10%, or (2) the rate that is 5% below the average corporate income tax rate for Organization for Economic Co-operation and Development countries other than the United States. The bill also sets forth a procedure for a congressional joint resolution approving an increase in the corporate tax rate.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 1
Love, Mia
· Feb 10, 2016
 R
Williams, Roger
Texas · Feb 10, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4518: Create Jobs Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-4518/
MLA
"H.R. 4518: Create Jobs Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-4518/.
Bluebook (legal)
H.R. 4518, 114th Cong. (2026), https://openamerica.io/bill/114-HR-4518/.
Markdown link
[H.R. 4518: Create Jobs Act](https://openamerica.io/bill/114-HR-4518/)
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