Working Americans' Tax Rebate Act of 2001

Summary

Working Americans' Tax Rebate Act of 2001 - Amends the Internal Revenue Code to allow individuals a refund of up to five percent of the income tax otherwise payable for taxable year 2000. Treats each individual as having made a payment against his or her income tax for the first taxable year beginning in 2000 in an amount equal to five percent of the amount of such individual's net income tax. States that the amount treated as paid shall not be less than the lesser of: (1) the amount of the taxpayer's net income tax for such taxpayer's first taxable year beginning in 2000; or (2) $100 ($50 in the case of a married individual filing a separate return). Sets the maximum amount treated as paid at $500 ($250 in the case of a married individual filing a separate return). Makes estates, trusts, and nonresident alien individuals ineligible for such refund.

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Timeline

1. 26 March 2001

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 26 March 2001

   Introduced

   Introduced in House

   Source: IntroReferral

3. 26 March 2001

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 26 March 2001 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 26 March 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 26 March 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 26 March 2001

  Open at official source

Sponsors

• Rep. Foley, Mark [R-FL-16] · R · Sponsor
• Rep. Houghton, Amo [R-NY-34] · R · Sponsor
• Rep. Collins, Mac [R-GA-8] · R · Sponsor
• · hswm00 · Standing

Related records

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