U.S. Congress - H.R.3018 Corporate Assets Should be used to Hire Act
H.R.3018 - Corporate Assets Should be used to Hire Act
To amend the Internal Revenue Code of 1986 to provide a temporary surtax on increases in retained earnings of domestic corporations. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to provide a temporary surtax on increases in retained earnings of domestic corporations. as introduced.
- Short: Corporate Assets Should be used to Hire Act as introduced.
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Official Summary
9/22/2011--Introduced.Corporate Assets Should be used to Hire Act - Amends the Internal Revenue Code to impose on domestic corporations in taxable years beginning in 2011 or 2012 an additional 40% tax on the excess of their retained earnings over their average retained earnings for the preOfficial Summary
9/22/2011--Introduced.Corporate Assets Should be used to Hire Act - Amends the Internal Revenue Code to impose on domestic corporations in taxable years beginning in 2011 or 2012 an additional 40% tax on the excess of their retained earnings over their average retained earnings for the preceding 3 taxable years. Exempts certain corporations from such tax, including corporations with retained earnings of less than $5 million in a taxable year....Read the Rest
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