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

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

About the bill

Full Title

An act to amend the Internal Revenue Code of 1954 to encourage economic growth through reduction of the tax rates for individual taxpayers, acceleration of the capital cost recovery of investment in plant, equipment, and real property, and incentives for savings, and for other purposes.

Read CRS Summary >

History

Jul 23, 1981
 
Introduced

This is the first step in the legislative process.

Jul 23, 1981
 
Reported by Committee

A committee has issued 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

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

Jul 31, 1981
 
Passed Senate with Changes

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

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/Enrolled Bill.

This page is about 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.

Links & tools

Primary Source

Congress.gov

Congress.gov is updated generally one day after events occur. Legislative activity since the last update may not be reflected on GovTrack. Data via congress project.

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