H.R.1018 - Economic Recovery and Growth Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. Toomey, Patrick J. [R-PA-15] (Introduced 03/14/2001)|
|Committees:||House - Ways and Means|
|Latest Action:||08/13/2001 See H.R.1836. (All Actions)|
|Notes:||For further action, see H.R. 1836, which became Public Law 107-16 on 6/7/2001.|
This bill has the status Introduced
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Summary: H.R.1018 — 107th Congress (2001-2002)All Information (Except Text)
Economic Recovery and Growth Act of 2001 - Amends the Internal Revenue Code with respect to reducing or repealing, among other things: (1) tax rates for individuals; (2) alternative minimum tax; (3) capital gains; (4) estate and gift tax; (5) marriage penalty; (6) Federal communications excise tax; (7) taxes for farmers, ranchers, fishermen; and (8) occupational taxes relating to alcoholic beverages.
Introduced in House (03/14/2001)
Increases, extends, or expands tax benefits with respect to, among other things: (1) pensions and individual retirement accounts (IRAs); (2) child tax credit; (3) education IRAs and qualified tuition programs; (4) adoption expenses credit; (5) charitable contributions; (6) social security benefits; (7) expense treatment for small businesses; (8) self-employed health insurance cost deduction; and (9) research credit.