I 
112TH CONGRESS 
1ST SESSION 
H. R. 660 
To amend the Internal Revenue Code of 1986 to provide individual and 
corporate income tax relief and to extend 100 percent bonus depreciation, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 11, 2011 
Mr. BROUN of Georgia (for himself, Mrs. SCHMIDT, Mr. FRANKS of Arizona, 
Mr. FLEMING, Mr. LAMBORN, Mr. GOHMERT, and Mr. MARCHANT) intro-
duced the following bill; which was referred to the Committee on Ways 
and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to provide 
individual and corporate income tax relief and to extend 
100 percent bonus depreciation, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Jumpstarting Our 
Business Sector Act of 2011’’. 
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SEC. 2. REDUCTION IN CORPORATE INCOME TAX RATES. 
(a) IN GENERAL.—Subsection (b) of section 11 of the 
Internal Revenue Code of 1986 is amended to read as fol-
lows: 
‘‘(b) AMOUNT OF TAX.—The amount of the tax im-
posed by subsection (a) shall be 0 percent of taxable in-
come.’’. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 55(b)(1)(B)(i) of such Code is 
amended by striking ‘‘20 percent’’ and inserting ‘‘0 
percent’’. 
(2) Section 280C(c)(3)(B)(ii)(II) of such Code 
is amended by striking ‘‘maximum rate of tax under 
section 11(b)(1)’’ and inserting ‘‘rate of tax under 
section 11(b)’’. 
(3) Sections 860E(e)(2)(B), 860E(e)(6)(A)(ii), 
860K(d)(2)(A)(ii), 
860K(e)(1)(B)(ii), 
1446(b)(2)(B), and 7874(e)(1)(B) of such Code are 
each amended by striking ‘‘highest rate of tax speci-
fied in section 11(b)(1)’’ and inserting ‘‘rate of tax 
specified in section 11(b)’’. 
(4) Section 904(b)(3)(D)(ii) of such Code is 
amended by striking ‘‘(determined without regard to 
the last sentence of section 11(b)(1))’’. 
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(5) Section 962 of such Code is amended by 
striking subsection (c) and by redesignating sub-
section (d) as subsection (c). 
(6) Section 1201(a) of such Code is amended— 
(A) by striking ‘‘35 percent (determined 
without regard to the last 2 sentences of section 
11(b)(1))’’ and inserting ‘‘0 percent’’, and 
(B) by striking ‘‘35 percent’’ in paragraph 
(2) and inserting ‘‘0 percent’’. 
(7) Section 1561(a) of such Code is amended— 
(A) by striking paragraph (1) and by re-
designating paragraphs (2), (3), and (4) as 
paragraphs (1), (2), and (3), respectively, 
(B) by striking ‘‘The amounts specified in 
paragraph (1), the’’ and inserting ‘‘The’’, 
(C) by striking ‘‘paragraph (2)’’ and in-
serting ‘‘paragraph (1)’’, 
(D) by striking ‘‘paragraph (3)’’ both 
places it appears and inserting ‘‘paragraph 
(2)’’, 
(E) by striking ‘‘paragraph (4)’’ and in-
serting ‘‘paragraph (3)’’, and 
(F) by striking the fourth sentence. 
(8) Subsection (b) of section 1561 of such Code 
is amended to read as follows: 
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‘‘(b) CERTAIN SHORT TAXABLE YEARS.—If a cor-
poration has a short taxable year which does not include 
a December 31 and is a component member of a controlled 
group of corporations with respect to such taxable year, 
then for purposes of this subtitle, the amount to be used 
in computing the accumulated earnings credit under sec-
tion 535(c) (2) and (3) of such corporation for such tax-
able year shall be the amount specified in subsection 
(a)(1) divided by the number of corporations which are 
component members of such group on the last day of such 
taxable year. For purposes of the preceding sentence, sec-
tion 1563(b) shall be applied as if such last day were sub-
stituted for December 31.’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2011. 
SEC. 3. ZERO PERCENT CAPITAL GAINS RATE FOR INDIVID-
UALS AND CORPORATIONS. 
(a) ZERO PERCENT CAPITAL GAINS RATE FOR INDI-
VIDUALS.— 
(1) IN
GENERAL.—Paragraph (1) of section 
1(h) of the Internal Revenue Code of 1986 is 
amended by striking subparagraph (C), by redesig-
nating subparagraphs (D) and (E) and subpara-
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