HR 901
116th Congress
House
Taxation
Corporate finance and management
Income tax rates
Tax administration and collection, taxpayers
Restoring Economic Opportunities for Small Family C–Corporations
Introduced: January 30, 2019
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 30, 2019
Referred to the House Committee on Ways and Means.
Jan 30, 2019
Introduced in House
Plain-English summary
Restoring Economic Opportunities for Small Family C-Corporations
This bill reinstates (1) the 15% corporate tax bracket for up to $50,000 in taxable income, and (2) the additional tax on corporations with taxable income that exceeds $100,000. The bill limits the additional tax to the lesser of 5% of the excess or $3,000. (Under current law, corporations are taxed at a flat 21% rate.)
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1