House
Sep 15, 2014American 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...
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