To amend the Internal Revenue Code of 1986 to accelerate the individual income tax rate cuts made by the Economic Growth and Tax Relief Reconciliation Act of 2001 and to make permanent all tax cuts made by that Act.
Last action on Jan 7, 2003Referred to the House Committee on Ways and Means.
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Summary
Amends the Internal Revenue Code to advance the effective date of individual income tax rate reductions (25%, 28%, 33%, 35%) from 2006 to 2003.
Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 to make the provisions and amendments of such Act permanent.
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