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- H.R.901
H.R.901: Restoring Economic Opportunities for Small Family C–Corporations
About This Bill
- Introduced Jan. 30, 2019
- Latest Major Action Jan. 30, 2019
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - Jan. 30, 2019
Bill Summary
Restoring Economic Opportunities for Small Family C-Corporations This bill reinstates (1) the 15% corporate tax bracket for up to $50,000 in taxable income, and (2) the additional tax on corporations with taxable income that exceeds $100,000. The bill limits the additional tax to the lesser of 5% of the excess or $3,000. (Under current law, corporations are taxed at a flat 21% rate.)
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Jan. 30, 2019 |
Referred to the House Committee on Ways and Means.
|
| Jan. 30, 2019 |
Introduced in the House by Steve King (R-Iowa) |