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H.R. 4242 (97th): Economic Recovery Tax Act of 1981

About the bill

Source: Wikipedia

The Economic Recovery Tax Act of 1981 (Pub.L. 97–34), also known as the ERTA or "Kemp-Roth Tax Cut", was a federal law enacted in the United States in 1981. It was an act "to amend the Internal Revenue Code of 1954 to encourage economic growth through reductions in individual income tax rates, the expensing of depreciable property, incentives for small businesses, and incentives for savings, and for other purposes". Included in the act was an across-the-board decrease in the marginal income tax rates in the United States by ...

Sponsor and status

Introduced:

Jul 23, 1981
97th Congress, 1981–1982

Status:

Enacted — Signed by the President on Aug 13, 1981

This bill was enacted after being signed by the President on August 13, 1981.

Law:

Pub.L. 97-34

Sponsor:

Daniel Rostenkowski

Representative for Illinois's 8th congressional district

Democrat

Text:

Read Text »
Last Updated: Aug 13, 1981

See Instead:

H.J.Res. 266 (same title)
Enacted — Signed by the President — Sep 30, 1981

History

Jul 23, 1981
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jul 23, 1981
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Jul 29, 1981
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Jul 31, 1981
 
Passed Senate with Changes (back to House)

The Senate passed the bill with changes not in the House version and sent it back to the House to approve the changes. The vote was by Voice Vote so no record of individual votes was made.

Aug 3, 1981
 
Conference Report Agreed to by Senate (House next)

A conference committee was formed, comprising members of both the House and Senate, to resolve the differences in how each chamber passed the bill. The Senate approved the committee's report proposing the final form of the bill for consideration in both chambers. The House must also approve the conference report.

Aug 13, 1981
 
Enacted — Signed by the President

The President signed the bill and it became law.

Aug 13, 1981
 
Text Published

Updated bill text was published as of Passed Congress.

H.R. 4242 (97th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

This bill was introduced in the 97th Congress, which met from Jan 5, 1981 to Dec 23, 1982. Legislation not enacted by the end of a Congress is cleared from the books.

How to cite this information.

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“H.R. 4242 — 97th Congress: Economic Recovery Tax Act of 1981.” www.GovTrack.us. 1981. December 12, 2017 <https://www.govtrack.us/congress/bills/97/hr4242>

Where is this information from?

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