H.R.4377: American Business Competitiveness Act of 2015

About This Bill

  • Introduced Jan. 13, 2016
  • Latest Major Action Jan. 13, 2016

Bill Summary

American Business Competitiveness Act of 2015 This bill amends the Internal Revenue Code to: reduce the tax rate on the net business income of individual and corporate taxpayers to a maximum 25%; allow full expensing of deductible investment expenses in the current taxable year; redefine "net business income" to allow the deduction of the cost of business purchases; convert to a territorial system for taxing overseas income; apply the...

(Source: Library of Congress)

Bill Actions

Date Description
Jan. 13, 2016
Referred to the House Committee on Ways and Means.
Jan. 13, 2016

Introduced in the House by Devin Nunes (R-Calif.)

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