0
0

Restoring Earnings to Lift Individuals and Empower Families (RELIEF) Act of 2001

11/15/2019, 9:54 PM

Congressional Summary of S 896

Restoring Earnings To Lift Individuals and Empower Families (RELIEF) Act of 2001 - Amends the Internal Revenue Code to, among other things: (1) provide for lower income tax rates; (2) increase the income required before beginning the phase out of itemized deductions; (3) repeal the personal exemption phase out; (4) increase the child tax credit; (5) provide for the equalization of tax rates for those filing jointly and those filing singly (provides "marriage penalty" relief); (6) increase assistance to education through tax revisions such as increasing contributions allowed to education IRAs, excluding certain scholarship amounts from income, and providing special treatment for bonds used to finance educational facilities; (7) repeal the estate and generation skipping transfer taxes; (8) reduce the gift tax rate; (9) increase pension and IRA contribution limits and benefits; and (10) increase the alternative minimum tax exemption.

Read the Full Bill

Formatted TextPDF

Current Status of Bill S 896

Bill S 896 is currently in the status of Bill Introduced since May 16, 2001. Bill S 896 was introduced during Congress 107 and was introduced to the Senate on May 16, 2001.  Bill S 896's most recent activity was Placed on Senate Legislative Calendar under General Orders. Calendar No. 43. as of May 16, 2001

Bipartisan Support of Bill S 896

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 896

Primary Policy Focus

Taxation

Potential Impact Areas

- Accounting
- Administrative procedure
- Aircraft pilots
- Airlines
- Alaska
- Alien labor
- Annuities
- Armed Forces and National Security
- Building construction
- Business income tax
- Capital gains tax
- Charities
- Church schools
- Civil Service pensions
- College costs
- Commerce
- Conservation easements
- Construction costs
- Consumer credit
- Corporation taxes
- Cost of living adjustments
- Defined benefit pension plans
- Defined contribution plans
- Department of the Treasury
- Disabled
- Disaster relief
- Disasters
- Dividends
- Divorce
- Divorcees
- Earned income tax credit
- Economics and Public Finance
- Education
- Education of disabled students
- Education savings accounts
- Educational finance
- Elementary and secondary education
- Elementary schools
- Emergency Management
- Employee benefit plans
- Employee ownership
- Environmental Protection
- Estate tax
- Estates (Law)
- Excise tax
- Executive compensation
- Executive reorganization
- Families
- Family enterprises
- Finance and Financial Sector
- Financial planning
- Financial services
- Financial statements
- Foster home care
- Gift tax
- Government Operations and Politics
- Government paperwork
- Governmental investigations
- Graduate education
- Health
- Health insurance
- High schools
- Higher education
- Household workers
- Housing and Community Development
- Housing finance
- Immigration
- Income tax
- Indexing (Economic policy)
- Indian claims
- Indian lands
- Indigenous peoples
- Individual retirement accounts
- Inheritance tax
- Insurance premiums
- Insurance rates
- Interest
- Internal revenue law
- Investments
- Labor and Employment
- Land transfers
- Law
- Life expectancy
- Limitation of actions
- Loans
- Local employees
- Married people
- Medical economics
- Medical research
- Merchant seamen
- Military medicine
- Minimum tax
- Minorities
- Partnerships
- Pension funds
- Pension portability
- Pension trust guaranty insurance
- Personal income tax
- Private schools
- Privatization
- Profit sharing
- Public Lands and Natural Resources
- Public health personnel
- Public-private partnerships
- Real estate appraisal
- Real estate business
- Religion
- Scholarships
- School buildings
- Secondary education
- Small business
- Social Welfare
- Special education
- State employees
- State taxation
- Stockholders
- Stocks
- Student aid
- Student loan funds
- Survivors' benefits
- Tax administration
- Tax auditing
- Tax credits
- Tax cuts
- Tax deductions
- Tax exclusion
- Tax exemption
- Tax penalties
- Tax rates
- Tax refunds
- Tax returns
- Tax-deferred compensation plans
- Tax-exempt organizations
- Tax-exempt securities
- Taxation of foreign income
- Taxpayer compliance
- Transportation and Public Works
- Trusts and trustees
- Tuition tax credits
- User charges
- Valuation
- Widowers
- Widows
- Withholding tax
- Women
- Women's retirement

Alternate Title(s) of Bill S 896

Restoring Earnings to Lift Individuals and Empower Families (RELIEF) Act of 2001
Restoring Earnings to Lift Individuals and Empower Families (RELIEF) Act of 2001
Tax Cut Reconciliation bill
Restoring Earnings to Lift Individuals and Empower Families (RELIEF) Act of 2001
An original bill to provide for reconciliation pursuant to section 103 of the concurrent resolution on the budget for fiscal year 2002 (H.Con.Res. 83).

Comments

Sponsors and Cosponsors of S 896

Chuck Grassley
Chuck Grassley
IowaRepublican

Latest Bills

Ending Importation of Russian Oil Act
Bill HR 6968March 11, 2026
HONOR Act
Bill S 327March 11, 2026
Making further consolidated appropriations for the fiscal year ending September 30, 2026, and for other purposes.
Bill HR 7147March 11, 2026
A bill to prohibit the Department of Homeland Security from constructing, acquiring, renovating, or operating any new processing site or detention center without providing a mechanism for public comments regarding such activity, entering into a signed, written agreement with appropriate State and local officials, and providing Congress with advance notice of such activity.
Bill S 3894March 11, 2026
A bill to amend title 10, United States Code, to authorize representatives of veterans service organizations to participate in presentations to promote certain benefits available to veterans during preseparation counseling under the Transition Assistance Program of the Department of Defense, and for other purposes.
Bill S 3938March 11, 2026
A bill to amend the Elementary and Secondary Education Act of 1965 to expand access to school-wide arts and music programs, and for other purposes.
Bill S 4018March 11, 2026
A bill to allow States to require payment of State fees related to boating as a condition for issuance of a vessel number and to collect such fees in conjunction with other fees related to vessel numbering.
Bill S 3985March 11, 2026
A bill to restore competition in the meatpacking industry by reducing excessive concentration and market power and ultimately reduce prices for American consumers, and for other purposes.
Bill S 4007March 11, 2026
A resolution requesting information on the Republic of Guatemala's human rights practices pursuant to section 502B(c) of the Foreign Assistance Act of 1961.
Bill SRES 636March 11, 2026
A bill to amend the Internal Revenue Code of 1986 to increase the standard deduction, and for other purposes.
Bill S 4042March 11, 2026
Economic Growth and Tax Relief Reconciliation Act of 2001
Bill HR 1836January 16, 2023