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- S.173
S.173: SMART Act
About This Bill
- Introduced Jan. 29, 2013
- Latest Major Action Jan. 29, 2013
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Simplified, Manageable, And Responsible Tax Act or the SMART Act - Amends the Internal Revenue Code to replace the marginal income tax rates with a single rate of 17% on individual taxable income. Redefines "taxable income" to mean the amount by which wages, retirement distributions, and unemployment compensation exceed the standard deduction. Increases the basic standard deduction and includes an additional standard deduction for dependents....
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Jan. 29, 2013 |
Read twice and referred to the Committee on Finance.
|
| Jan. 29, 2013 |
Introduced in the Senate by Richard C. Shelby (R-Ala.) |