S.85 - Restoring America's Competitiveness in Enterprise (RACE) Act of 2011

A bill to amend the Internal Revenue Code of 1986 to reduce the maximum rate of tax on the income of corporations to 20 percent. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to reduce the maximum rate of tax on the income of corporations to 20 percent. as introduced.
  • Short: Restoring America's Competitiveness in Enterprise (RACE) Act of 2011 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
01/24/11
 
 
 
 
 
 
 

Sponsor

Senator

Mike Johanns

R-NE

No Co-Sponsors

Official Summary

1/25/2011--Introduced.Restoring America's Competitiveness in Enterprise (RACE) Act of 2011 - Amends the Internal Revenue Code to reduce the maximum income tax rate on corporations, including personal service corporations, to 20% of taxable income over $50,000.




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