HR 123 · 112th Congress 2011โ€“2013, ended

To amend the Internal Revenue Code of 1986 to make certain tax relief permanent, and to repeal the estate tax.

Latest action · Jan 5, 2011 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJan 5, 2011
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Makes permanent: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001; (2) provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 that reduce income tax rates on dividend and capital gain income; and (3) the repeal of the estate, gift, and generation-skipping transfer taxes.

Cosponsors 1

Members who signed on, in the order they did. All signed on Feb 9, 2011.

SeatCosponsorSigned on
R-AZTrent FranksFeb 9, 2011

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred Jan 5, 2011

Actions 2

Everything that happened, newest first.

  1. Jan 5, 2011Introduced in House
  2. Jan 5, 2011Referred to the House Committee on Ways and Means.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article I, Section 8, Clause 1 of the Constitution that states, ``The Congress shall have Power to lay and collect Taxes . . .'' Amendment XVI of the Constitution that states, ``The Congress shall have power to lay and collect taxes on incomes . . .''

The sponsor’s statement, as printed in the page H45.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 6663To permanently extend the 2001 and 2003 tax cuts.Related billDec 13, 2012

Titles 1

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Internal Revenue Code of 1986 to make certain tax relief permanent, and to repeal the estate tax.

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Jan 5, 2011Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.