Individual Income Tax Rate Reduction Act of 2001

Hozzl · 2023-01-17T00:33:04Z

Explore the details of House Bill 942 Individual Income Tax Rate Reduction Act of 2001 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/17/2023, 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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 942

Primary Policy Focus

Taxation

Potential Impact Areas

Cost of living adjustmentsEconomics and Public FinanceIncome taxIndexing (Economic policy)Personal income taxTax cutsTax deductionsTax rates

Alternate Title(s) of Bill HR 942

Individual Income Tax Rate Reduction Act of 2001To 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

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Comments

Sponsors and Cosponsors of HR 942

Mac Collins

Georgia(Independent)

Latest Bills

Individual Income Tax Rate Reduction Act of 2001

Congressional Summary of HR 942

Read the Full Bill

Current Status of Bill HR 942

Bipartisan Support of Bill HR 942

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 942

Primary Policy Focus

Potential Impact Areas

Alternate Title(s) of Bill HR 942

Comments

Sponsors and Cosponsors of HR 942

Mac Collins

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