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H.R. 5887IntroducedHouse · nowSenatePresidentLawIn committee
Sec. 8 · H.R. 5887

Increase in corporate income tax rate

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(a) In general Subsection (b) of section 11 of the Internal Revenue Code of 1986 is amended by striking 21 percent and inserting 23 percent. (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2024.

Sec. 8: Increase in corporate income tax rate · Public Law Tracker