BRIDGE Act of 2002

Summary

Business Retained Income During Growth and Expansion Act of 2002 or the BRIDGE Act of 2002 - Amends the Internal Revenue Code to permit an eligible small business to elect to pay its tax in four equal installments. Limits the maximum amount of tax which may be paid in installments for any taxable year to whichever of the following is the least: (1) the tax imposed for the taxable year; (2) the amount contributed by the taxpayer into a BRIDGE Account during such year; or (3) the excess of $250,000 over the aggregate amount of tax for which an election was made by the taxpayer for all prior taxable years. Limits the above provisions to taxes imposed for taxable years beginning after December 31, 2001, and before January 1, 2006. Sets forth provisions: (1) defining an eligible small business; (2) setting dates for installment payments and interest payments; (3) establishing BRIDGE accounts; and (4) providing for a study and report.

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

Timeline

1. 28 January 2002

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 28 January 2002

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: (CR S182-183)

   Source: IntroReferral

3. 28 January 2002

   Introduced

   Sponsor introductory remarks on measure. (CR S181-182)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 28 January 2002 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 28 January 2002

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 28 January 2002

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in Senate

  summary · EN · 28 January 2002

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Kerry, John F. [D-MA] · D · Sponsor
• Sen. Snowe, Olympia J. [R-ME] · R · Sponsor
• Sen. Lieberman, Joseph I. [ID-CT] · D · Sponsor
• Sen. Bennett, Robert F. [R-UT] · R · Sponsor
• Sen. Bingaman, Jeff [D-NM] · D · Sponsor
• Sen. Torricelli, Robert G. [D-NJ] · D · Cosponsor
• · ssfi00 · Standing

Related records

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