3.0.0 533 2023-01-11T13:34:23Z 2023-01-11T13:34:23Z House HR 2017-01-13 115 [Congressional Record Volume 163, Number 9 (Friday, January 13, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr.EMMER:H.R. 533.Congress has the power to enact this legislation pursuantto thefollowing:(Clause 1, Section 8 of Article 1 of the United StatesConstitution which reads: ``The Congress shall have Powertolay and collect Taxes, Duties, Imposts, and Excises, to paythe Debts, and provide for the common Defense and GeneralWelfareof the United States; but all Duties and Imposts andExcises shall be uniform throughout the United States.'')[Page H547]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-01-13T14:01:35Z 2017-01-13 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-01-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-01-13 Introduced in House IntroReferral 1000 9 Library of Congress E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 N L000584 Rep. Love, Mia B. [R-UT-4] Mia Love R UT B. 4 2017-01-13 True Taxation Corporate finance and management Income tax rates Legislative rules and procedure Taxation 00 2017-01-13 Introduced in House 2017-01-31T17:03:09Z Corporate Rate Equality and Trade Empowerment Jobs Act of 2017 or the Create Jobs Act

This bill amends the Internal Revenue Code to lower the rate of tax on the taxable income of corporations to the greater of: (1) 10%, or (2) the rate that is 5% below the average corporate income tax rate for Organization for Economic Co-operation and Development countries other than the United States. The bill also sets forth a procedure for a congressional joint resolution approving an increase in the corporate tax rate.

]]> Create Jobs Act Display Title Create Jobs Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to lower the corporate rate of income tax to the OECD average, and for other purposes. Introduced in House IH Short Titles as Introduced Create Jobs Act Short Titles as Introduced Corporate Rate Equality and Trade Empowerment Jobs Act of 2017 Introduced in House 2017-01-13T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr533ih/xml/BILLS-115hr533ih.xml 2017-01-13 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.