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
Protecting Families from AI Data Center Energy Costs Act
Bill HR 6529August 1, 2026
Prices on the Wall Act of 2026
Bill HR 9390August 1, 2026
Pipeline Safety Authorization Act of 2026
Bill HR 9338August 1, 2026
Ratepayer Protection Act
Bill HR 9340August 1, 2026
Tyler’s Law
Bill HR 2004August 1, 2026
Stop Pills That Kill Act
Bill HR 8005August 1, 2026
Load Forecasting Enhancement Act
Bill HR 9332August 1, 2026
EMRTAI Authorization Act of 2026
Bill HR 9616August 1, 2026
High-Capacity Grid Act
Bill HR 6633August 1, 2026
Combating Illicit Xylazine Act
Bill HR 1266August 1, 2026
Economic Growth and Tax Relief Reconciliation Act of 2001
Bill HR 1836January 16, 2023