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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Restoring Economic Opportunities for Small Family C-Corporations

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to reestablish the 15 percent corporate rate bracket.

Actions Overview (1)

11/27/2018Introduced in House

All Actions (2)

11/27/2018Referred to the House Committee on Ways and Means.
Action By: House of Representatives
11/27/2018Introduced in House
Action By: House of Representatives

Cosponsors (1)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Blum, Rod [R-IA-1]* 11/27/2018

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means11/27/2018 Referred to

No related bill information was received for H.R.7176.

Subjects (1)

Latest Summary (1)

There is one summary for H.R.7176. View summaries

Shown Here:
Introduced in House (11/27/2018)

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.)