H.R. 17394 (93rd): A bill to amend the Internal Revenue Code of 1954 to remove the penalty for the underpayment of estimated tax in the case where the underpayment is due to income attributable to a new business started by the taxpayer during the taxable year.

Introduced:
Oct 16, 1974 (93rd Congress, 1973–1974)
Sponsor:
Rep. Harold Froehlich [R-WI8]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on October 16, 1974, in a previous session of Congress, but was not enacted.

Progress
Introduced Oct 16, 1974
Referred to Committee Oct 16, 1974
Cosponsors
none
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

10/16/1974--Introduced.
Removes the penalty under the Internal Revenue Code for the underpayment of estimated tax in the case where the underpayment is due to income attributable to a new business started by the taxpayer during the taxable year.

House Republican Conference Summary

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