A bill to provide for permanent tax rate reductions for individuals and businesses.
Tax Reduction Act of 1979 - Reduces individual income tax rates for taxable years 1979, 1980, and 1981. Makes the 1981 rate reduction permanent.
Reduces the corporate income tax rates. Increases the corporate surtax exemption to $100,000.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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