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



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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 >

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

What is a bill?

The “H.R.” in “H.R. 4242” means this is a House of Representatives 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.


Jul 23, 1981
Reported by Committee
Jul 23, 1981
Passed House
Jul 29, 1981
Passed Senate with Changes
Jul 31, 1981
Vote was by Voice Vote so no record of individual votes was made.
Conference Report Agreed to by Senate
Aug 3, 1981
Enacted — Signed by the President
Aug 13, 1981


Committee Assignments

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


Subject Areas
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Primary Source

THOMAS.gov (The Library of Congress)

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