Legislators
Bills
Statements
Lobbying
Travel
- Bills
- H.R.4377
H.R.4377: American Business Competitiveness Act of 2015
About This Bill
- Introduced Jan. 13, 2016
- Latest Major Action Jan. 13, 2016
Bill Sponsor
Bill Cosponsors
29 (All Republicans)
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.) |