skip to main content

H.R. 5506 (98th): New Economic Recovery Act of 1984

We don’t have a summary available yet.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Apr 25, 1984.

New Economic Recovery Act of 1984 - Amends the Internal Revenue Code to reduce the income tax rates on corporations as follows: (1) 12 percent of taxable income up to $50,000; (2) 24 percent of taxable income from over $50,000 to $100,000; and (3) 36 percent of taxable income over $100,000.