House
Sep 15, 2014

American Renaissance in Manufacturing Act

Summary

Official

American Renaissance in Manufacturing Act - Title I: Creating a More Competitive Tax Code - Amends the Internal Revenue Code to reduce to 25% of taxable income the income tax rate for corporations (currently, the maximum rate is 35%). Makes permanent: (1) the reduction in the recognition period for the built-in gains of S corporations, (2) the basis adjustments to the stock...

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Bill Progress

Committee is reviewing, marking up, or holding hearings on the bill

Introduced(7/31/14)
Committee
Passed House
Passed Senate
President
Law

Sponsor

MM

Mr. Mulvaney

(R) SC – 5

Cosponsors (19)

Topics

Latest Action

Referred to the Subcommittee on Public Lands and Environmental Regulation.

Sep 15, 2014