H.R. 609 · 112th Congress
American Competitiveness Act of 2011
- Stage
- In committee
- Sponsor
- Richard Hanna
- Introduced
- 2011-02-10
- Latest action
- 2011-02-10 · Introduced in House
Summary
American Competitiveness Act of 2011 - Amends the Internal Revenue Code to reduce the maximum income tax rate on corporations to 25% of corporate taxable income exceeding $50,000. Provides a special rule for any taxable year beginning in 2011 by establishing a maximum 30% rate for corporate taxable income exceeding $75,000.