LegiList
Congress, Made Clear.
Executive
Congress
Insights
States
My LegiList
API
Support LegiList
Home
Presidents
Orders
Proclamations
Statements
Vetoes
Home
Search
Topics
Campaign Finance
Home
Legislators
Bills
Categories
Analytics
Learn
Weekly Briefing
My LegiList
API
Executive
Home
Presidents
Orders
Proclamations
Statements
Vetoes
Congress
Home
Search
Topics
Campaign Finance
Insights
Analytics
Learn
Briefing
States
Home
Legislators
Bills
Categories
Support
Need all Congresses? Press Enter for expanded federal results.
Home
›
Congress
›
Bills
›
HR 4377
HR 4377
114th Congress • 2015-2017 (Ended)
American Business Competitiveness Act of 2015
Fact Sheet
Share
API
Pin
Bill Number
HR 4377
Introduced
Jan 13, 2016
Latest Action
Referred to the House Committee on Ways and Means.
Sponsor
Rep. Devin Nunes (R-CA)
Cosponsors
Topics
Accounting and auditing
Aging
Air quality
Alternative and renewable resources
Building construction
Business expenses
Business investment and capital
Corporate finance and management
Disability and paralysis
Disaster relief and insurance
Endangered and threatened species
Energy efficiency and conservation
Environmental regulatory procedures
Foreign and international corporations
Hybrid, electric, and advanced technology vehicles
Income tax credits
Income tax deductions
Income tax rates
Interest, dividends, interest rates
Mining
Motor fuels
Oil and gas
Research and development
Securities
Tax administration and collection, taxpayers
Taxation
Taxation of foreign income
Television and film
Transportation costs
Water quality
Worker safety and health
+28
...
Full Text
View Full Bill Text
Votes
Summary
American Business Competitiveness Act of 2015
This bill amends the Internal Revenue Code to:
reduce the tax rate on the net business income of individual and corporate taxpayers to a maximum 25%;
allow full expensing of deductible investment expenses in the current taxable year;
redefine "net business income" to allow the deduction of the cost of business purchases;
convert to a territorial system for taxing overseas income;
apply the same tax rate to interest income of individuals that is applicable to dividends and capital gains income; and
allow a five-year carryback of net operating losses and an indefinite carryforward of such losses.
Actions
Jan 13, 2016
Referred to the House Committee on Ways and Means.
Jan 13, 2016
Introduced in House
Amendments
Related Bills
No related bills.