To amend the Internal Revenue Code of 1986 to make effective as of January 1, 2001, all of the individual income tax rate reductions, and to amend the Economic Growth and Tax Relief Reconciliation Act of 2001 to repeal the sunset of such rate reductions.
Last action on Oct 5, 2001Referred to the House Committee on Ways and Means.
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Summary
Amends the Internal Revenue Code to make certain rate reductions effective after December 31, 2000 (currently June 31, 2001).
Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 to make the individual income rate reductions set forth in such act permanent (removes the sunset requirement).
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