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- H.R.2940
H.R.2940: Rebuilding American Manufacturing Act of 2013
About This Bill
- Introduced Aug. 1, 2013
- Latest Major Action Aug. 1, 2013
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (All Democrats)
Bill Summary
Rebuilding American Manufacturing Act of 2013 - Amends the Internal Revenue Code to allow taxpayers engaged in domestic manufacturing in the United States a tax deduction equal to 50.5% (43% for C corporations) of the lesser of their domestic manufacturing income or their taxable income for the taxable year (thus effectively reducing their income tax rate to approximately 20%). Limits the amount of such deduction to 25% of such taxpayer's...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Aug. 1, 2013 |
Referred to the House Committee on Ways and Means.
|
| Aug. 1, 2013 |
Introduced in the House by Ron Kind (D-Wis.) |