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United States · Bill · HR

H.R. 4725 (101st)

Taxpayer Confidence Restoration Act

referredUnited States· United States Congress· EN

Introduced

3 May 1990

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Taxpayer Confidence Restoration Act - Title I: Flat Rate Tax Act - Amends the Internal Revenue Code to impose a 15 percent income tax rate for all individuals. Repeals all specific exclusions, deductions, and credits other than the standard deduction, the deduction for personal exemptions, and trade or business deductions. Title II: Federal Tax Delinquency Amnesty - Provides a one-time amnesty from tax penalties for certain taxpayers who pay previous underpayments of Federal tax. Waives criminal and civil penalties as well as additions to tax with respect to such underpayments.

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Documents

2 official files

Introduced in House (text)

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Sources

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