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- H.R.1425
H.R.1425: Bring Small Businesses Back Tax Reform Act
About This Bill
- Introduced March 8, 2017
- Latest Major Action March 8, 2017
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - March 8, 2017
Bill Summary
Bring Small Businesses Back Tax Reform Act This bill amends the Internal Revenue Code to establish new maximum individual tax rates for qualified business income that does not exceed $1 million (i.e., small business income). The maximum rates are: (1) 12% of such income not exceeding $150,000, and (2) 25% for income that exceeds $150,000 and is not more than $1 million. The rates apply to up to $1 million of qualified business income that...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| March 8, 2017 |
Referred to the House Committee on Ways and Means.
|
| March 8, 2017 |
Introduced in the House by Randy Hultgren (R-Ill.) |