[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 665 Introduced in Senate (IS)]







106th CONGRESS
  1st Session
                                 S. 665

 To amend the Congressional Budget and Impoundment Control Act of 1974 
      to prohibit the consideration of retroactive tax increases.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 18, 1999

  Mr. Coverdell (for himself, Mr. Hagel, Mrs. Hutchison, Mr. Kyl, Mr. 
Inhofe, and Mr. Grassley) introduced the following bill; which was read 
twice and referred jointly pursuant to the order of August 4, 1977, to 
      the Committees on the Budget and Governmental Affairs, with 
 instructions that if one Committee reports, the other Committee have 
                 thirty days to report or be discharged

_______________________________________________________________________

                                 A BILL


 
 To amend the Congressional Budget and Impoundment Control Act of 1974 
      to prohibit the consideration of retroactive tax increases.

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

SECTION 1. AMENDMENTS TO THE CONGRESSIONAL BUDGET AND IMPOUNDMENT 
              CONTROL ACT OF 1974.

    (a) In General.--Title III of the Congressional Budget and 
Impoundment Control Act of 1974 is amended by adding at the end the 
following:

    ``prohibition on the consideration of retroactive tax increases

    ``Sec. 316. (a) In General.--It shall not be in order in the House 
of Representatives or the Senate to consider any bill, joint 
resolution, amendment, motion, or conference report, that includes a 
retroactive Federal income tax rate increase.
    ``(b) Definition.--In this section--
            ``(1) the term `Federal income tax rate increase' means any 
        amendment to subsection (a), (b), (c), (d), or (e) of section 
        1, or to section 11(b) or 55(b), of the Internal Revenue Code 
        of 1986, that imposes a new percentage as a rate of tax and 
        thereby increases the amount of tax imposed by any such 
        section; and
            ``(2) a Federal income tax rate increase is retroactive if 
        it applies to a period beginning prior to the enactment of the 
        provision.''.
    (b) Supermajority Point of Order.--Subsections (c) and (d) of 
section 904 of the Congressional Budget and Impoundment Control Act of 
1974 are amended by inserting ``314,'' after ``313,''.
    (c) Conforming Amendment.--The table of contents for the 
Congressional Budget and Impoundment Control Act of 1974 is amended by 
inserting after the item relating to section 315 the following:

``Sec. 316. Prohibition on the consideration of retroactive tax 
                            increases.''.
    (d) Effective Date.--The amendments made by this section take 
effect on January 1, 1999.
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