Tax Reduction and Simplification Act of 1991

Summary

Tax Reduction and Simplification Act of 1991 - Amends the Internal Revenue Code to: (1) increase the basic standard deduction; (2) establish an additional standard deduction for dependents; and (3) provide an inflation adjustment for such deductions after calendar year 1991. Reduces individual itemized deduction by ten percent (to offset the reductions in Federal revenues made by this Act).

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

Timeline

1. 2 August 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 2 August 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 August 1991

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 August 1991

  Open at official source

Sponsors

• Rep. Panetta, Leon [D-CA-16] · D · Sponsor
• Rep. Lipinski, William O. [D-IL-5] · D · Cosponsor
• Rep. Smith, Lawrence [D-FL-16] · D · Cosponsor
• Rep. Kolter, Joseph P. [D-PA-4] · D · Cosponsor
• Rep. Campbell, Ben Nighthorse [D-CO-3] · D · Cosponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Cosponsor
• · hswm00 · Standing

Related records

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