gptkbp:instanceOf
|
gptkb:United_States_federal_law
|
gptkbp:alsoKnownAs
|
gptkb:Underwood_Tariff_Act
|
gptkbp:approvedBy
|
gptkb:Sixteenth_Amendment_to_the_United_States_Constitution
|
gptkbp:category
|
Taxation in the United States
1913 in American law
Woodrow Wilson administration legislation
|
gptkbp:dateEnacted
|
October 3, 1913
|
gptkbp:effect
|
shifted federal revenue from tariffs to income tax
|
gptkbp:enactedBy
|
gptkb:United_States_Congress
|
https://www.w3.org/2000/01/rdf-schema#label
|
Revenue Act of 1913
|
gptkbp:location
|
gptkb:United_States
|
gptkbp:mainProvision
|
exempted incomes below $4,000
lowered average tariff rates from 40% to 25%
set top income tax rate at 7%
imposed federal income tax on individuals and corporations
|
gptkbp:purpose
|
reduce tariff rates
introduce federal income tax
|
gptkbp:repealedBy
|
gptkb:Payne–Aldrich_Tariff_Act
|
gptkbp:replacedBy
|
gptkb:Revenue_Act_of_1916
|
gptkbp:signedBy
|
gptkb:Woodrow_Wilson
|
gptkbp:sponsor
|
gptkb:Oscar_Underwood
|
gptkbp:bfsParent
|
gptkb:Underwood_Tariff_Act
gptkb:Revenue_Act_of_1894
gptkb:Brushaber_v._Union_Pacific_Railroad_Co.
gptkb:Woodrow_Wilson_administration
|
gptkbp:bfsLayer
|
7
|