Tax Relief and Marriage Penalty Elimination Act of 2001

House Bill 456 - Tax Relief and Marriage Penalty Elimination Act of 2001: Overview, Status, and Impact

Hozzl · 2023-01-16T23:18:12Z

Explore the details of House Bill 456 Tax Relief and Marriage Penalty Elimination Act of 2001 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/16/2023, 11:18 PM

Congressional Summary of HR 456

Tax Relief and Marriage Penalty Elimination Act of 2001 - Amends the Internal Revenue Code to: (1) eliminate the marriage penalty for couples filing a single return jointly with respect to both tax rates and the standard deduction; and (2) after 2004, reduce individual tax rates.

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Current Status of Bill HR 456

Bill HR 456 is currently in the status of Bill Introduced since February 6, 2001. Bill HR 456 was introduced during Congress 107 and was introduced to the House on February 6, 2001. Bill HR 456's most recent activity was See H.R.1836. as of August 13, 2001

Bipartisan Support of Bill HR 456

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 456

Primary Policy Focus

Taxation

Potential Impact Areas

- Cost of living adjustments

- Economics and Public Finance

- Families

- Income tax

- Indexing (Economic policy)

- Married people

- Personal income tax

- Tax deductions

- Tax rates

Alternate Title(s) of Bill HR 456

Tax Relief and Marriage Penalty Elimination Act of 2001

To amend the Internal Revenue Code of 1986 to eliminate the marriage penalty in the income tax rates and standard deduction and to reduce individual income tax rates.

Tax Relief and Marriage Penalty Elimination Act of 2001