Tax Cut With a Purpose Act of 2001

Summary

Tax Cut With a Purpose Act of 2001 - Amends the Internal Revenue Code (the Code) to make revisions under which: (1) individual income tax rates will be reduced; (2) in the case of a joint return, an additional deduction will be allowed; (3) subtitle B (Estate and Gift Taxes) of the Code will be repealed; (4) the definition of qualified expenses for purposes of the education individual retirement account will be expanded to include qualified elementary and secondary expenses and the maximum annual contribution permitted to such an account will be increased; (5) the child tax credit and its phase-out threshold will be increased; (6) a deduction for charitable giving will be allowed to nonitemizers, tax-free distributions from individual retirement accounts for charitable purposes will be allowed, and the deduction allowed to corporations for charitable contributions will be increased; and (7) the provisions terminating the credit for increasing research activities will be repealed.

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

Timeline

1. 22 January 2001

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 22 January 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S312-313)

   Source: IntroReferral

3. 22 January 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 14 March 2001

   Committee

   Committee on Finance. Hearings held.

   Source: Committee

5. 15 March 2001

   Committee

   Committee on Finance. Hearings held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 22 January 2001 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 22 January 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 22 January 2001

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 22 January 2001

  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. Gramm, Phil [R-TX] · R · Sponsor
• Sen. Miller, Zell [D-GA] · D · Sponsor
• Sen. Kyl, Jon [R-AZ] · R · Cosponsor
• Sen. Bunning, Jim [R-KY] · R · Cosponsor
• Sen. Allard, Wayne [R-CO] · R · Cosponsor
• Sen. Stevens, Ted [R-AK] · R · Cosponsor
• · ssfi00 · Standing

Related records

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