Amendment · S.Amdt. 2431· Senate(119-SAMDT-2431)

S.Amdt. 2431

Age: 69 years

Nevada

Introduced: 6/29/2025
Sponsored by: Jacky Rosen
Cosponsors: None

Changes bill: 119-HR-1 — One Big Beautiful Bill Act

Introduced
Pending Consideration
Failed

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

This amendment was submitted by Ms. Rosen and is intended to be proposed to another amendment submitted by Mr. Thune for Mr. Graham, which relates to the bill H.R. 1.

Purpose and Changes

Restoration of Progressive Corporate Tax Rate: The amendment adds a new chapter to the bill containing tax provisions that change how corporate tax amounts are calculated based on taxable income.
Tax Brackets: Under the amendment, the tax imposed is set at:
- 20 percent for taxable income up to $1,000,000.
- 21 percent for taxable income exceeding $1,000,000 but not exceeding $100,000,000.
- 28 percent for taxable income exceeding $100,000,000.
- Effective Date: These new tax rates apply to taxable years beginning after December 31, 2025.