Restoring Economic Opportunities for Small Family C-Corporations
Latest action · Nov 27, 2018 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedNov 27, 2018
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.)
Cosponsors 1
Members who signed on, in the order they did. All signed on Nov 27, 2018.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IA | Rod Blum | Original | Nov 27, 2018 |
Actions 2
Everything that happened, newest first.
- Nov 27, 2018Introduced in House
- Nov 27, 2018Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Nov 27, 2018Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.