Tax Relief Improvement Act of 2001

Fact Sheet API

Bill Number

HR 2599

Introduced

Jul 23, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Business income tax Capital gains tax College costs Commerce Congress Education Estate tax Gift tax Government Operations and Politics Higher education Income tax Individual retirement accounts Inheritance tax Labor and Employment Minimum tax Personal income tax Sunset legislation Tax credits Tax cuts Tax deductions Tax exemption Tax rates Taxation

Full Text

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Votes

Summary

Tax Relief Improvement Act of 2001 - Amends the Internal Revenue Code (IRC) to reduce individual capital gains tax rates.

Amends the Economic Growth and Tax Relief Reconciliation Act of 2001 to repeal title IX (Compliance with Congressional Budget Act).

Makes permanent IRC provisions relating to: (1) the deduction for higher education expenses; (2) the nonrefundable credit to certain individuals for elective deferrals and IRA contributions; and (3) the increase in the alternative minimum tax exemption.

Actions

Jul 23, 2001

Referred to the House Committee on Ways and Means.
Jul 23, 2001

Introduced in House

Amendments

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