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United States · Bill · HR

H.R. 3103 (105th)

Family Reinvestment and Shaping Our Future Act

referredUnited States· United States Congress· EN

Introduced

27 January 1998

Last action

27 January 1998 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Pitts, Joseph R. [R-PA-16], Rep. Granger, Kay [R-TX-12], Sen. Sununu, John E. [R-NH], Rep. Hulshof, Kenny C. [R-MO-9], Sen. Blunt, Roy [R-MO], Rep. Cook, Merrill [R-UT-2], Rep. Pickering, Charles W. "Chip" [R-MS-3], Rep. Schaffer, Bob [R-CO-4], Rep. Snowbarger, Vince [R-KS-3], Rep. Brady, Kevin [R-TX-8], Rep. Cooksey, John [R-LA-5], Rep. Rogan, James E. [R-CA-27], Rep. Peterson, John E. [R-PA-5], Rep. Watkins, Wes [R-OK-3], Rep. Cannon, Chris [R-UT-3], Rep. Pease, Edward A. [R-IN-7], Rep. Redmond, Bill [R-NM-3], Rep. Aderholt, Robert B. [R-AL-4], Rep. Emerson, Jo Ann [R-MO-8], Rep. Shimkus, John [R-IL-15], Rep. Hutchinson, Asa [R-AR-3], Rep. Ryun, Jim [R-KS-2], Rep. Gibbons, Jim [R-NV-2], Rep. Sessions, Pete [R-TX-17], Rep. Jenkins, William L. [R-TN-1], Rep. Pappas, Michael [R-NJ-12]

Subjects

Taxation

Source updated

21 August 2025

Taxation

Summary

Family Reinvestment and Shaping Our Future Act - Amends the Internal Revenue Code to increase the standard deduction for joint returns and surviving spouses to twice the amount of such deduction available to single individuals who are not married, head of household, or a surviving spouse. (Sec. 3) Excludes from gross income up to $200 ($400 joint return) of certain interest and domestic dividends. Sets forth related provisions with respect to: (1) regulated investment companies and real estate investment trusts; (2) trust distributions; and (3) nonresident aliens. (Sec. 4) Allows a deduction for 100 percent of the health insurance costs of self-employed persons. (Current law provides for a phased-in increase from 40 percent in 1997 to 100 percent in 2007). (Sec. 5) Allows eligible educational institutions to maintain qualified tuition programs.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 27 January 1998

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 27 January 1998

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 27 January 1998

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 27 January 1998

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 27 January 1998

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 27 January 1998

    Open at official source

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Sponsors

Related records

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Sources

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