,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #ecc  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #ac1 #bjag,mr4
 ,emm] 7= himself & ,mrs4 ,love7        
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to l[] ! corporate rate ( 
income tax to ! ,,oecd av]age1 & = o!r  
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,corporate ,rate ,equality 
& ,trade ,emp[]m5t ,jobs ,act ( #bjag or
 ! ,create ,jobs ,act4  #b4 ,,oecd rate 
( corporate income tax  7a7 ,9 g5]al    
,section #aa7;b7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ to read z foll[s3
  7b7 ,am\nt ( tax  7#a7 ,9 g5]al ,!    
am\nt ( ! tax impos$ by subsection 7a7  
%all be an am\nt equal to ! applicable  
p]c5tage ( ! taxable income4  7#b7      
,applicable p]c5tage ,= purposes ( ?is  
section-- 7,a7 ,9 g5]al ,subject to     
section #c ( ! ,corporate ,rate         
,equality & ,trade ,emp[]m5t ,jobs ,act 
( #bjag1 ! applicable p]c5tage = taxable

 ye>s beg9n+ 9 any cal5d> ye> %all be ! 
great] (--  7i7 #aj p]c5t1 or  7ii7 !   
p]c5tage det]m9$ by ! ,secret>y "u      
subp>agraph 7,b7 = ! taxable ye>4  7,b7 
,det]m9ation by ,secret>y ,n lat] ?an   
,novemb] #a1 #bjag1 & e #e ye>s !reaft]1
 ! ,secret>y %all det]m9e ! p]c5tage t  
is #e p]c5tage po9ts less ?an ! mean ( !
 c5tral gov]nm5t corporate income tax   
rates mo/ rec5tly publi%$ z ( ,novemb]  
#a ( ! prec$+ cal5d> ye> by !           
,organisation = ,economic ,co-op]ation &
 ,developm5t 7h]e9aft] ref]r$ to z      
,,oecd7 = ,,oecd c\ntries o!r ?an !     
,unit$ ,/ates4 ,! p]c5tage det]m9$ "u ! 
prec$+ s5t5ce %all apply to taxable ye>s
 beg9n+ 9 ! subsequ5t cal5d> ye> & ea* (
 ! #d cal5d> ye>s !reaft]4  4  7b7      
,con=m+ am5dm5ts  7#a7 ,p>agraphs       
7#b77;,b7 & 7#f77;,a77ii7 ( section     
#hfj;,e7e7 ( su* ,code are ea* am5d$ by 
/rik+ ! highe/ rate ( tax specifi$ 9    
section #aa7;b77#a7 & ins]t+ ! rate (   
tax 9 effect = ! taxable ye> "u section 
#aa7;b74  7#b7 7,a7 ,section            

#adde7;e77#a7 ( su* ,code is am5d$--    
7i7 by /rik+ #ce p]c5t & ins]t+ ! rate (
 tax 9 effect = ! taxable ye> "u section
 #aa7;b71 &  7ii7 by /rik+ ( ! ga9 &    
ins]t+ multipli$ by ! ga94  7,b7        
,section #adde7;e77#b7 ( su* ,code is   
am5d$ by /rik+ #ce p]c5t ( ! am\nt &    
ins]t+ ! rate ( tax 9 effect = ! taxable
 ye> "u section #aa7;b7 multipli$ by !  
am\nt4  7,c7 ,section #adde7;e77#f7 (   
su* ,code is am5d$--  7i7 by /rik+ #ce  
p]c5t & ins]t+ ! rate ( tax 9 effect = !
 taxable ye> "u section #aa7;b71 &  7ii7
 by /rik+ ( ! am\nt & ins]t+ multipli$  
by ! am\nt4  7,d7 ,section              
#addf7;b77#b77;,b7 ( su* ,code is am5d$ 
by /rik+ ! highe/ rate ( tax specifi$ 9 
section #aa7;b77#a7 & ins]t+ ! rate (   
tax 9 effect = ! taxable ye> "u section 
#aa7;b74  7#c7 ,section #heb7;b77#a7 (  
su* ,code is am5d$ by /rik+ ! la/       
s5t5ce4  7#d7 ,section                  
#ghgd7;e77#a77;,b7 ( su* ,code is am5d$ 
by /rik+ ! highe/ rate ( tax specifi$ 9 
section #aa7;b77#a7 & ins]t+ ! rate (   

tax 9 effect = ! taxable ye> "u section 
#aa7;b74  7c7 ,effective date  7#a7 ,9  
g5]al ,except z o!rwise provid$ 9 ?is   
subsection1 ! am5dm5ts made by ?is      
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjag4  7#b7  
,)hold+ ,! am5dm5ts made by subsection  
7b77#b7 %all apply to di/ributions made 
aft] ,decemb] #ca1 #bjag4  #c4 ,proc$ure
 9 case ,secret>y det]m9es increase 9   
corporate income tax  7a7 ,9 g5]al ,9 ! 
case ( any taxable ye>s beg9n+ dur+ a   
cal5d> ye> 7curr5t taxable ye>s7 = :i* !
 rate ( tax det]m9$ by ! ,secret>y ( !  
,treasury "u section #aa7;b77#b7 ( !    
,int]nal ,rev5ue ,code ( #aihf is high] 
?an ! rate ( tax = taxable ye>s beg9n+  
dur+ ! prec$+ cal5d> ye> 7prec$+ taxable
 ye>s7--  7#a7 if n lat] ?an #fj days   
aft] ! date ( any su* det]m9ation       
,congress enacts into law a jo9t        
resolution approv+ su* high] rate ( tax1
 !n ! rate ( tax = ! curr5t taxable ye>s
 %all be ! rate ( tax s det]m9$ by !    
,secret>y1 or  7#b7 if aft] ! expiration

 ( su* #fj-;day p]iod no su* jo9t       
resolution has be5 enact$1 !n ! rate (  
tax = ! curr5t taxable ye>s %all be !   
rate ( tax t 0 9 effect = su* prec$+    
taxable ye>s4  7b7 ,cont5t ( jo9t       
resolution ,! jo9t resolution consid]$  
"u ?is section %all meet ! foll[+       
requirem5ts3 7#a7 ,su* resolution %all n
 h a preamble4  7#b7 ,! title ( su*     
resolution %all be z foll[s3 ,jo9t      
resolution relat+ to ! approval ( an    
increas$ rate ( corporate income tax    
det]m9$ "u section #aa7;b77#b7 ( !      
,int]nal ,rev5ue ,code ( #aihf1 z       
submitt$ "u section #c ( ! ,corporate   
,rate ,equality & ,trade ,emp[]m5t ,jobs
 ,act ( #bjag44  7#c7 ,! only matt] aft]
 ! resolv+ clause %all be z foll[s3 ,t  
,congress approves ( ! increas$ rate (  
corporate income tax det]m9$ "u section 
#aa7;b77#b7 ( ! ,int]nal ,rev5ue ,code (
 #aihf = taxable ye>s beg9n+ dur+ ! next
 #e cal5d> ye>s44