AMT Rate Reduction Act of 2001

1/17/2023, 12:33 AM
AMT Rate Reduction Act of 2001 - Amends the Internal Revenue Code to provide for a reduction in tax rates for individuals for calendar year 2002, as well as further reductions through calendar year 2006.

Provides for a reduction in the alternative minimum tax for individuals.

Congress
107

Number
HR - 873

Introduced on
2001-03-06

# Amendments
0

Sponsors
+5

Variations and Revisions

3/6/2001

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

AMT Rate Reduction Act of 2001 - Amends the Internal Revenue Code to provide for a reduction in tax rates for individuals for calendar year 2002, as well as further reductions through calendar year 2006.

Provides for a reduction in the alternative minimum tax for individuals.

Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to provide individual income tax rate reductions.

Policy Areas
Taxation

Potential Impact
Cost of living adjustments
Economics and Public Finance
Income tax
Indexing (Economic policy)
Minimum tax
Personal income tax
Tax cuts
Tax rates

Comments

Recent Activity

Latest Summary11/28/2006
AMT Rate Reduction Act of 2001 - Amends the Internal Revenue Code to provide for a reduction in tax rates for individuals for calendar year 2002, as well as further reductions through calendar year 2006.

Provides for a reduction in the alternative ...


Latest Action8/13/2001
See H.R.1836.