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


Jul 23, 1981
97th Congress, 1981–1982


Enacted — Signed by the President on Aug 13, 1981

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


Pub.L. 97-34


Daniel Rostenkowski

Representative for Illinois's 8th congressional district



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.

Summary (CRS)

8/1/1981--Conference report filed in House.(Conference report filed in House, H. Rept. 97-215) Economic Recovery Tax Act of 1981 - TitleI - Individual Income Tax ProvisionsSubtitle A - Tax Reductions - ... Read more >


Jul 23, 1981

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

The Senate approved a conference committee report to resolve differences in each chamber's version of the bill. 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 is a House of Representatives bill in the United States Congress (indicated by the “H.R.” in “H.R. 4242”). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.


Committee Assignments

The committee chair determines whether a bill will move past the committee stage.


Subject Areas
Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

H.J.Res. 266 (Related)
Economic Recovery Tax Act of 1981

Enacted — Signed by the President
Sep 30, 1981

H.R. 4273 (Related)
Economic Recovery Tax Act of 1981

Referred to Committee
Last Action: Jul 27, 1981

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Links & tools

Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.


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