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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
115-hr-7176115th Congress
Restoring Economic Opportunities for Small Family C-Corporations
Sponsored By: Representative King, Steve [R-IA-4]
Unknown
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.)
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
King, Steve [R-IA-4]
IA • R
Cosponsors
Rep. Blum, Rod [R-IA-1]
IA • R
Sponsored 11/27/2018
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov