US HB2842 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on June 18 2015 - 25% progression, died in committee
Action: 2015-06-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 18 2015 - 25% progression, died in committee
Action: 2015-06-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Individual Rate Simplification Act of 2015 This bill amends the Internal Revenue Code to revise individual income tax rates to establish a 20% rate on taxable income of $1 million or less and a 30% rate on taxable income over $1 million for taxable years beginning after December 31, 2015. The bill requires an annual inflation adjustment to the $1 million threshold amount in taxable years beginning after 2016.
Title
Individual Rate Simplification Act of 2015
Sponsors
| Rep. Roger Williams [R-TX] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-06-18 | House | Referred to the House Committee on Ways and Means. |
| 2015-06-18 | House | Introduced in House |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/2842/all-info |
| Text | https://www.congress.gov/114/bills/hr2842/BILLS-114hr2842ih.pdf |
