Amendment · S.Amdt. 2755· Senate(119-SAMDT-2755)

S.Amdt. 2755

Age: 66 years

California

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

What this amendment would do

SA 2755 is an amendment proposed by Mr. Schiff, Mr. Murphy, Ms. Smith, and Ms. Warren to be added to amendment SA 2360 for bill H.R. 1.

The purpose of this amendment is to change the corporate tax rate. Specifically, it aims to:

Strike section 71118 and replace it with a new section.
Change the tax rate in Section 11(b) from 21 percent to 22.1 percent.
Set the effective date for this change for taxable years starting after December 31, 2025.