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HR 4518 114th Congress House Taxation Corporate finance and management Income tax rates Legislative rules and procedure

Create Jobs Act

Introduced: February 10, 2016 Introduced by: Emmer, Tom Republican · Minnesota See on congress.gov
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 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
 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.

What's happening now February 10, 2016

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1