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United States · Bill · HR

H.R. 1160 (104th)

Balanced Budget Dividend Act

referredUnited States· United States Congress· EN

Introduced

8 March 1995

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

21 August 2025

Summary

Balanced Budget Dividend Act - Amends the Internal Revenue Code to prohibit the allowance of new income tax benefits for a fiscal year if there is a deficit reduction shortfall. Declares that there is a deficit reduction shortfall for any fiscal year if the projected deficit exceeds the target deficit. Requires such deficits to be specified in the first concurrent resolution on the budget.

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Documents

3 official files

Introduced in House (text)

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