SMART Act

Summary

Official

Simplified, Manageable, And Responsible Tax Act or the SMART Act Amends the Internal Revenue Code to replace the marginal income tax rates with a single rate of 17% on individual taxable income. Redefines "taxable income" to mean the amount by which wages, retirement distributions, and unemployment compensation exceed the standard deduction. Increases the...

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Bill Progress

Bill has been introduced and assigned a number

Introduced(4/15/15)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Rogers

House (R) Alabama – 3

Topics

Government Spending & Operations

Business & Finance

Employment

Latest Action

Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Apr 15, 2015

View Bill on Congress.gov