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HR 4383 115th Congress House Taxation Business investment and capital Corporate finance and management Financial services and investments Foreign and international corporations Income tax credits Income tax deductions Income tax rates Inflation and prices Interest, dividends, interest rates Taxation of foreign income Transfer and inheritance taxes

To reform the Internal Revenue Code of 1986.

Introduced: November 14, 2017 Introduced by: Biggs, Andy Republican · Arizona 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
Nov 14, 2017
Referred to the House Committee on Ways and Means.
Nov 14, 2017
Introduced in House
 Plain-English summary Congressional Research Service

This bill amends the Internal Revenue Code to reduce tax rates and modify policies for individuals and businesses.

The bill includes provisions to:

  • reduce the tax rates for individuals;
  • reduce the tax rates for corporations and on other business income;
  • allow increased expensing of the costs of certain business property;
  • repeal the estate tax;
  • modify the taxation of foreign income;
  • specify that a change in the organizational structure of a corporation is not a taxable event if there is no change among the owners, their ownership interests, or the assets of the organization; and
  • repeal the tax on net investment income.
What's happening now November 14, 2017

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1