Bill Text — Mar 27, 2012
This bill’s text is now available.
Mar 27, 2012
112th Congress, 2011–2013
This bill was introduced on March 27, 2012, in a previous session of Congress, but was not enacted.
Representative for Arkansas's 1st congressional district
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Last Updated: Mar 27, 2012
Length: 7 pages
To amend the Internal Revenue Code of 1986 to impose a 5 percent tax on so much of adjusted gross income of any individual as exceeds $1,000,000, and to provide incentive for Congress to pass a balanced budget amendment, or spending limit amendment, to the Constitution.
The “H.R.” in “H.R. 4265” means this is a House of Representatives bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
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Civic Impulse. (2015). H.R. 4265 — 112th Congress: Shared Responsibility in Preserving America’s Future Act. Retrieved from https://www.govtrack.us/congress/bills/112/hr4265
“H.R. 4265 — 112th Congress: Shared Responsibility in Preserving America’s Future Act.” www.GovTrack.us. 2012. September 1, 2015 <https://www.govtrack.us/congress/bills/112/hr4265>
|title=H.R. 4265 (112th)
|accessdate=September 1, 2015
|author=112th Congress (2012)
|date=March 27, 2012
|quote=Shared Responsibility in Preserving America’s Future Act