H.R. 5636 · 113th Congress
Cut REDTAPE Act
- Stage
- In committee
- Sponsor
- Scott Peters
- Introduced
- 2014-09-18
- Latest action
- 2014-09-18 · Introduced in House
Summary
Cut REDTAPE Act - Amends the Internal Revenue Code to exempt a new small business, including an incorporated business, from the additional tax imposed for underpayment of estimated income tax, if such business's gross receipts for the calendar year do not exceed $1 million.