Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
Ms. Rosen submitted amendment SA 2715 to be proposed to an amendment to the bill H.R. 1. The purpose of this amendment is to strike section 71117 and replace it with the restoration of a progressive corporate tax rate.
What It Aims to Change or Add
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It changes the corporate tax rate structure to a sum of 21 percent of taxable income that does not exceed $100,000,000, and 28 percent of taxable income that exceeds $100,000,000.
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It makes this change applicable to taxable years beginning after December 31, 2025.
- 6/30/2025
- Senate amendment submitted
This bill has no cosponsors