0
0
0
Individual Income Tax Rate Reduction Act of 2001
1/17/2023, 12:33 AM
Congressional Summary of HR 942
Individual Income Tax Rate Reduction Act of 2001 - Amends the Internal Revenue Code to establish new, lower tax rates for individuals. Increases the standard deduction and provides that such deduction on a joint return shall be twice the amount of a single return.
Read the Full Bill
Current Status of Bill HR 942
Bill HR 942 is currently in the status of Bill Introduced since March 8, 2001. Bill HR 942 was introduced during Congress 107 and was introduced to the House on March 8, 2001. Bill HR 942's most recent activity was See H.R.1836. as of August 13, 2001
Bipartisan Support of Bill HR 942
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 942
Primary Policy Focus
TaxationPotential Impact Areas
- Cost of living adjustments
- Economics and Public Finance
- Income tax
- Indexing (Economic policy)
- Personal income tax
- Tax cuts
- Tax deductions
- Tax rates
Alternate Title(s) of Bill HR 942
Individual Income Tax Rate Reduction Act of 2001
To amend the Internal Revenue Code of 1986 to reduce individual income tax rates and increase the standard deduction.
Individual Income Tax Rate Reduction Act of 2001
Comments
Sponsors and Cosponsors of HR 942
Latest Bills
National Park System Long-Term Lease Investment Act
Bill HR 4931December 5, 2025
Law-Enforcement Innovate to De-Escalate Act of 2025
Bill HR 2189December 5, 2025
Moab UMTRA Project Transition Act of 2025
Bill S 1321December 5, 2025
RED TAPE Act
Bill S 148December 5, 2025
Wyoming Education Trust Modernization Act
Bill S 2273December 5, 2025
Mississippi River Basin Fishery Commission Act of 2025
Bill HR 1514December 5, 2025
Wildfire Response and Preparedness Act of 2025
Bill S 902December 5, 2025
REMOVE Act
Bill HR 4711December 5, 2025
GUARD Veterans’ Health Care Act
Bill HR 4077December 5, 2025
Holocaust Expropriated Art Recovery Act of 2025
Bill S 1884December 5, 2025
Economic Growth and Tax Relief Reconciliation Act of 2001
Bill HR 1836January 16, 2023