# 114-hr-2842: Individual Rate Simplification Act of 2015

114-hr-2842, Individual Rate Simplification Act of 2015, is a 114th Congress bill sponsored by Rep. Williams, Roger [R-TX-25] (R-TX); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-2842
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-2842
- Congress: 114
- Title: Individual Rate Simplification Act of 2015
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2015-06-18
- Sponsor: Rep. Williams, Roger [R-TX-25] (R-TX)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Individual Rate Simplification Act of 2015 This bill amends the Internal Revenue Code to revise individual income tax rates to establish a 20% rate on taxable income of $1 million or less and a 30% rate on taxable income over $1 million for taxable years beginning after December 31, 2015. The bill requires an annual inflation adjustment to the $1 million threshold amount in taxable years beginning after 2016.

## Related bills

- 114-hr-6429: To amend the Intermodal Surface Transportation Efficiency Act of 1991 to include certain areas in the Central Texas Corridor.
- 114-hr-6392: Systemic Risk Designation Improvement Act of 2016
- 114-hr-6233: George W. Bush Childhood Home Study Act
- 114-hr-6221: To award a Congressional Gold Medal to Don Stephens, President and Founder of Mercy Ships, in recognition of his 38 years of service as the leader of a humanit…
- 114-hr-6100: Protect Family Farms and Businesses Act
- 114-hr-5951: Improving Transparency and Accuracy in Medicare Part D Spending Act

## Sources
- [114-hr-2842 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/2842)

## Related
- [114-hr-6429: To amend the Intermodal Surface Transportation Efficiency Act of 1991 to includ…](https://policyrisk.com/legislation/114-hr-6429)
- [114-hr-6392: Systemic Risk Designation Improvement Act of 2016](https://policyrisk.com/legislation/114-hr-6392)
- [114-hr-6233: George W. Bush Childhood Home Study Act](https://policyrisk.com/legislation/114-hr-6233)
- [114-hr-6221: To award a Congressional Gold Medal to Don Stephens, President and Founder of M…](https://policyrisk.com/legislation/114-hr-6221)
- [114-hr-6100: Protect Family Farms and Businesses Act](https://policyrisk.com/legislation/114-hr-6100)
- [114-hr-5951: Improving Transparency and Accuracy in Medicare Part D Spending Act](https://policyrisk.com/legislation/114-hr-5951)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-2842 (as of 2025-11-18).