< Back to H.R. 3965 (105th Congress, 1997–1998)

Text of the To amend the Internal Revenue Code of 1986 to repeal the provision added by the Taxpayer Relief Act of 1997 ...

...Act of 1997 that imposes tax increases on certain families by reason of the inflation adjustments in the regular income tax rate brackets, t

This bill was introduced on May 22, 1998, in a previous session of Congress, but was not enacted. The text of the bill below is as of May 22, 1998 (Introduced).

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HR 3965 IH

105th CONGRESS

2d Session

H. R. 3965

To amend the Internal Revenue Code of 1986 to repeal the provision added by the Taxpayer Relief Act of 1997 that imposes tax increases on certain families by reason of the inflation adjustments in the regular income tax rate brackets, the standard deduction, and the personal exemption.

IN THE HOUSE OF REPRESENTATIVES

May 22, 1998

Mrs. KENNELLY of Connecticut introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code of 1986 to repeal the provision added by the Taxpayer Relief Act of 1997 that imposes tax increases on certain families by reason of the inflation adjustments in the regular income tax rate brackets, the standard deduction, and the personal exemption.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. REPEAL OF INFLATION TAX ON FAMILIES.

    (a) IN GENERAL- Paragraph (4) of section 24(d) of the Internal Revenue Code of 1986 (relating to additional credit for families with 3 or more children) is amended by striking the last sentence.

    (b) TECHNICAL CORRECTIONS NOT TO VOID REPEAL- Any amendment made by any technical corrections Act which is designed to carry out the provision repealed by subsection (a) shall have no force or effect.

    (c) EFFECTIVE DATE- The amendment made by this section shall apply to taxable years beginning after December 31, 1997.