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- S.2220
S.2220: Community Savings and Investment Act of 2004
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced March 22, 2004
- Latest Major Action March 22, 2004
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Community Savings and Investment Act of 2004 - Amends the Internal Revenue Code to establish a separate corporate income tax rate for qualified community lenders of: (1) 15 percent of the amount of taxable income over $250,000 up to $1 million; and (2) the highest corporate tax rate imposed (currently 35%) for income over $1 million. Defines "qualified community lender" as a local community bank which: (1) achieved a satisfactory record of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| March 22, 2004 |
Introduced in the Senate by Kay Bailey Hutchison (R-Texas) |