Legislators
Bills
Statements
Lobbying
Travel
- Bills
- H.R.937
H.R.937: Rising Tides Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced March 4, 2011
- Latest Major Action March 4, 2011
Bill Sponsor
Bill Cosponsors
64 (1 Democrat, 63 Republicans)
Bill Summary
Rising Tides Act of 2011 - Amends the Internal Revenue Code to: (1) reduce from 35% to 23% the maximum income tax rate for corporations, including personal service corporations; and (2) repeal certain requirements and limitations on the tax deduction for cash dividends received by a corporation which is a U.S. shareholder from a controlled foreign corporation and make such deduction permanent.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Referred to the House Committee on Ways and Means.
|
|
March 4, 2011 |
Introduced in the House by Tim Scott (R-S.C.) |