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United States · Bill · HR

H.R. 5306 (103rd)

Tax Rate Reduction Act of 1994

referredUnited States· United States Congress· EN

Introduced

29 November 1994

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Tax Rate Reduction Act of 1994 - Amends the Internal Revenue Code to repeal the highest income tax rate for individuals, lower the highest taxable income threshold, and reduce individual income tax rates from 1995 until 1998. Repeals the overall limitation on itemized deductions and the phaseout of personal exemptions.

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Documents

3 official files

Introduced in House (text)

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Sources

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