Summary: H.R.1327 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.R.1327. Bill summaries are authored by CRS.

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Introduced in House (04/15/1997)

Family Tax Relief Act of 1997 - Amends the Internal Revenue Code to establish a credit of $500 multiplied by the number of qualifying children (under the age of 18) of a taxpayer. Reduces such credit if the taxpayer's income exceeds a threshold amount.