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United States · Bill · S

S. 701 (102nd)

A bill to amend the Internal Revenue Code of 1986 to increase the amount of the exemption for dependent children under age 18 to $3,500, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

20 March 1991

Last action

20 March 1991 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Coats, Daniel [R-IN], Sen. Shelby, Richard C. [R-AL], Sen. Garn, E. J. (Jake) [R-UT], Sen. Helms, Jesse [R-NC], Sen. Brown, Hank [R-CO], Sen. Gorton, Slade [R-WA], Sen. Burns, Conrad R. [R-MT], Sen. Craig, Larry E. [R-ID], Sen. Mikulski, Barbara A. [D-MD], Sen. Kasten, Robert W., Jr. [R-WI], Sen. Murkowski, Frank H. [R-AK], Sen. McCain, John [R-AZ], Sen. Nickles, Don [R-OK], Sen. Inouye, Daniel K. [D-HI], Sen. Smith, Bob [R-NH], Sen. Seymour, John [R-CA], Sen. D'Amato, Alfonse [R-NY], Sen. Mack, Connie, III [R-FL]

Subjects

Taxation

Source updated

14 January 2025

Taxation

Summary

Amends the Internal Revenue Code to increase the personal exemption for a dependent child who has not attained age 18 from $2,000 to $3,500. Provides for rounding inflation adjustments in tax tables to the nearest multiple of $10 (currently rounded to the next lowest multiple of $50).

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

Timeline

  1. 20 March 1991

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 20 March 1991

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN

    ViewDownloadOpen at official source

  • Introduced in Senate

    summary · EN · 20 March 1991

    Open at official source

    Leesvertaling

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

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

Sponsors

Related records

Sources

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