[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3965 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 3965

  To amend the Internal Revenue Code of 1986 to repeal the provision 
added by the Taxpayer Relief Act of 1997 that imposes tax increases on 
certain families by reason of the inflation adjustments in the regular 
  income tax rate brackets, the standard deduction, and the personal 
                               exemption.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 22, 1998

 Mrs. Kennelly of Connecticut introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to repeal the provision 
added by the Taxpayer Relief Act of 1997 that imposes tax increases on 
certain families by reason of the inflation adjustments in the regular 
  income tax rate brackets, the standard deduction, and the personal 
                               exemption.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF INFLATION TAX ON FAMILIES.

    (a) In General.--Paragraph (4) of section 24(d) of the Internal 
Revenue Code of 1986 (relating to additional credit for families with 3 
or more children) is amended by striking the last sentence.
    (b) Technical Corrections Not To Void Repeal.--Any amendment made 
by any technical corrections Act which is designed to carry out the 
provision repealed by subsection (a) shall have no force or effect.
    (c) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 1997.
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