3.0.0 2376 2023-01-15T04:49:05Z 2023-01-15T04:49:05Z Senate S S 2004-05-04 108 ssfi00 Finance Committee Senate Standing Referred to 2004-05-04T19:18:46Z 2004-09-23 Sponsor introductory remarks on measure. (CR S9570) IntroReferral B00100 9 Library of Congress 2004-05-07 Senate Star Print ordered on the bill. Floor 2004-05-04 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2004-05-04 Sponsor introductory remarks on measure. (CR S4839) IntroReferral B00100 9 Library of Congress 2004-05-04 Introduced in Senate IntroReferral 10000 9 Library of Congress B001066 Sen. Bunning, Jim [R-KY] JIM BUNNING R KY N M001141 Sen. Miller, Zell [D-GA] ZELL MILLER D GA 2004-05-04 True F000439 Sen. Frist, William H. [R-TN] WILLIAM FRIST R TN H. 2004-05-05 False G000359 Sen. Graham, Lindsey [R-SC] Lindsey Graham R SC 2004-05-06 False H001016 Sen. Hutchison, Kay Bailey [R-TX] KAY HUTCHISON R TX BAILEY 2004-05-06 False F000442 Sen. Fitzgerald, Peter [R-IL] PETER FITZGERALD R IL 2004-05-12 False S000059 Sen. Santorum, Rick [R-PA] RICK SANTORUM R PA 2004-05-12 False C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2004-05-12 False Taxation Congress Cost of living adjustments Earned income tax credit Economics and Public Finance Families Income tax Indexing (Economic policy) Married people Minimum tax Sunset legislation Tax credits Tax deductions Tax exemption Tax rates Withholding tax Taxation 00 2004-05-04 Introduced in Senate 2004-07-13T20:27:34Z Working Family Tax Relief Act of 2004 - Amends the Internal Revenue Code to repeal the scheduled reductions in: (1) the amount of the child tax credit for taxable years 2005 through 2009 (maintains the current $1,000 credit amount for all taxable years after 2004); (2) the basic standard deduction for married taxpayers filing joint returns and surviving spouses for taxable years 2005 through 2008; and (3) the increased upper limit threshold amounts for qualifying married individuals filing joint returns for the 15 and ten percent income tax brackets. Allows an inflation adjustment to such threshold amounts for taxable years beginning after 2003 based on the difference from the Consumer Price Index for 2002.

Exempts from the general terminating date (December 31, 2010) under the Economic Growth and Tax Relief Reconciliation Act of 2001 provisions relating to: (1) the increased upper limit amounts for the ten and 15 percent tax bracket for married taxpayers filing joint returns and surviving spouses; (2) the increase in the child tax credit; (3) the increased standard deduction for married taxpayers filing joint returns; and (4) the earned income tax credit.

Extends the increased amounts of the exemption from the alternative minimum tax for individual taxpayers through 2005.

]]> Working Family Tax Relief Act of 2004 Display Title Working Family Tax Relief Act of 2004 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to repeal the scheduled restrictions in the child tax credit, marriage penalty relief, and 10 percent rate bracket, and for other purposes. Introduced in Senate IS Short Titles as Introduced Working Family Tax Relief Act of 2004 Introduced in Senate 2004-05-04T04:00:00Z 2004-09-23 Sponsor introductory remarks on measure. (CR S9570) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.