S.151 - Restoring America's Competitiveness in Enterprise (RACE) Act of 2013

A bill to amend the Internal Revenue Code of 1986 to reduce the maximum rate 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 on the income of corporations to 20 percent. as introduced.
  • Short: Restoring America's Competitiveness in Enterprise (RACE) Act of 2013 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
01/24/13
 
 
 
 
 
 
 

Sponsor

J000291

Senator

Mike Johanns

R-NE

No Co-Sponsors

Official Summary

Restoring America's Competitiveness in Enterprise (RACE) Act of 2013 - 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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