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114-hr-4377114th Congress

American Business Competitiveness Act of 2015

Sponsored By: Representative Nunes, Devin [R-CA-22]

Unknown

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 same tax rate to interest income of individuals that is applicable to dividends and capital gains income; and allow a five-year carryback of net operating losses and an indefinite carryforward of such losses.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Nunes, Devin [R-CA-22]

CA • R

Cosponsors

  • PATRICK TIBERI

    OH • R

    Sponsored 1/13/2016

  • Rep. Boustany, Charles W., Jr. [R-LA-3]

    LA • R

    Sponsored 1/13/2016

  • Rep. Marchant, Kenny [R-TX-24]

    TX • R

    Sponsored 1/13/2016

  • Rep. Holding, George [R-NC-2]

    NC • R

    Sponsored 1/13/2016

  • Rep. Pittenger, Robert [R-NC-9]

    NC • R

    Sponsored 1/13/2016

  • Rep. Palmer, Gary J. [R-AL-6]

    AL • R

    Sponsored 1/13/2016

  • Rep. Russell, Steve [R-OK-5]

    OK • R

    Sponsored 1/13/2016

  • Rep. Simpson, Michael K. [R-ID-2]

    ID • R

    Sponsored 1/13/2016

  • Rep. Franks, Trent [R-AZ-8]

    AZ • R

    Sponsored 1/13/2016

  • Rep. Stewart, Chris [R-UT-2]

    UT • R

    Sponsored 1/13/2016

  • Rep. Calvert, Ken [R-CA-41]

    CA • R

    Sponsored 1/13/2016

  • Rep. Knight, Stephen [R-CA-25]

    CA • R

    Sponsored 1/13/2016

  • Rep. Walters, Mimi [R-CA-45]

    CA • R

    Sponsored 1/13/2016

  • Rep. Valadao, David G. [R-CA-22]

    CA • R

    Sponsored 1/13/2016

  • Rep. Issa, Darrell [R-CA-48]

    CA • R

    Sponsored 1/13/2016

  • Rep. Amodei, Mark E. [R-NV-2]

    NV • R

    Sponsored 1/13/2016

  • Rep. Yoho, Ted S. [R-FL-3]

    FL • R

    Sponsored 1/13/2016

  • Rep. Hardy, Cresent [R-NV-4]

    NV • R

    Sponsored 1/13/2016

  • Rep. Cole, Tom [R-OK-4]

    OK • R

    Sponsored 1/13/2016

  • Rep. Pompeo, Mike [R-KS-4]

    KS • R

    Sponsored 1/13/2016

  • Rep. Roe, David P. [R-TN-1]

    TN • R

    Sponsored 1/13/2016

  • Rep. Fleischmann, Charles J. "Chuck" [R-TN-3]

    TN • R

    Sponsored 1/13/2016

  • Rep. Emmer, Tom [R-MN-6]

    MN • R

    Sponsored 1/13/2016

  • Rep. Long, Billy [R-MO-7]

    MO • R

    Sponsored 1/13/2016

  • Rep. Brat, Dave [R-VA-7]

    VA • R

    Sponsored 1/13/2016

  • Rep. Rouzer, David [R-NC-7]

    NC • R

    Sponsored 1/13/2016

  • Rep. Ribble, Reid J. [R-WI-8]

    WI • R

    Sponsored 1/28/2016

  • Rep. Sensenbrenner, F. James, Jr. [R-WI-5]

    WI • R

    Sponsored 2/11/2016

  • Rep. Mulvaney, Mick [R-SC-5]

    SC • R

    Sponsored 2/23/2016

Roll Call Votes

No roll call votes available for this bill.

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