H.R. 934House112th Congress (2011-2013)In Committee

To amend the Internal Revenue Code of 1986 to reduce the corporate rate of tax to 18 percent.

Introduced March 3, 2011

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

March 3, 2011

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HouseIntro Referral

Introduced in House

March 3, 2011

HouseIntro Referral

Referred to the House Committee on Ways and Means.

March 3, 2011

Floor Debate

5 members

What members said about H.R. 934 on the floor

1 Republican4 Democrats
Barbara A. Mikulski
Sen. Barbara A. MikulskiD-MD · Mar 15, 2011

Mr. President, in honor of World Social Work Day, I rise today to introduce the Dorothy I. Height and Whitney M. Young, Jr. Social Work Reinvestment Act and the Clinical Social Work Medicare Equity…

Tom Harkin
Sen. Tom HarkinD-IA · Mar 15, 2011

Mr. President, today I am introducing the FIT Kids Act. That first word, FIT, an acronym for Fitness Integrated with Teaching, an important concept that I am proud to promote today. The FIT Kids Act…

Chuck Grassley
Sen. Chuck GrassleyR-IA · Mar 15, 2011

Mr. President, today I am introducing a bill that will keep the Federal Government accountable. Whistleblowers are the key to unlocking the secrets of wrongdoing because they have access to…

Mr. Speaker, today I am introducing H.R. 670, a bill that will give back to the people of the Northern Mariana Islands three miles of submerged lands surrounding our islands. Exactly two years ago, I…

Jeff Bingaman
Sen. Jeff BingamanD-NM · Mar 15, 2011

Mr. President, today I join with my colleague and the Ranking Member of the Committee on Energy and Natural Resources, Lisa Murkowski, in re-introducing, by request, legislation to convey certain…

Bill Text

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Introduced in HouseIssued March 3, 2011

I

112th CONGRESS

1st Session

H. R. 934

IN THE HOUSE OF REPRESENTATIVES

March 3, 2011

Mr. Sessions introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to reduce the corporate rate of tax to 18 percent.

1.

Corporate income tax rate reduced to 18 percent

(a)

In general

Paragraph (1) of section 11(b) of the Internal Revenue Code of 1986 is amended by striking shall be the sum of— and all that follows through the period at the end and inserting shall be 18 percent of taxable income..

(b)

Personal Service Corporations

Paragraph (2) of section 11(b) of such Code is amended by striking 35 percent and inserting 18 percent.

(c)

Conforming Amendments

(1)

Subsection (a) of section 1201 of such Code is amended by striking 35 percent each place it appears and inserting 18 percent.

(2)

Paragraphs (1) and (2) of section 1445(e) of such Code are each amended by striking 35 percent and inserting 18 percent.

(d)

Effective date

The amendment made by this section shall apply to taxable years beginning after December 31, 2010.