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.

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

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 20 March 1991

  Open at official source

Sponsors

• Sen. Coats, Daniel [R-IN] · R · Sponsor
• Sen. Shelby, Richard C. [D-AL] · D · Cosponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Cosponsor
• Sen. Helms, Jesse [R-NC] · R · Cosponsor
• Rep. Brown, Hank [R-CO-4] · R · Cosponsor
• Sen. Gorton, Slade [R-WA] · R · Cosponsor
• Sen. Burns, Conrad R. [R-MT] · R · Cosponsor
• Rep. Craig, Larry E. [R-ID-1] · R · Cosponsor
• Sen. Mikulski, Barbara A. [D-MD] · D · Cosponsor
• Rep. Kasten, Robert W., Jr. [R-WI-9] · R · Cosponsor
• Sen. Murkowski, Frank H. [R-AK] · R · Cosponsor
• Sen. McCain, John [R-AZ] · R · Cosponsor
• Sen. Nickles, Don [R-OK] · R · Cosponsor
• Sen. Inouye, Daniel K. [D-HI] · D · Cosponsor
• Rep. Smith, Bob [R-NH-1] · R · Cosponsor
• Sen. Seymour, John [R-CA] · R · Cosponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Cosponsor
• Sen. Mack, Connie, III [R-FL] · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → 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.