[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 210 Introduced in House (IH)]







108th CONGRESS
  1st Session
                                H. R. 210

To amend the Internal Revenue Code of 1986 to accelerate the individual 
    income tax rate cuts made by the Economic Growth and Tax Relief 
 Reconciliation Act of 2001 and to make permanent all tax cuts made by 
                               that Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 7, 2003

  Mr. Tiberi 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 accelerate the individual 
    income tax rate cuts made by the Economic Growth and Tax Relief 
 Reconciliation Act of 2001 and to make permanent all tax cuts made by 
                               that Act.

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

SECTION 1. ACCELERATION OF INDIVIDUAL INCOME TAX RATE CUTS.

    (a) In General.--The table contained in paragraph (2) of section 
1(i) of the Internal Revenue Code of 1986 (relating to reductions in 
rates after June 30, 2001) is amended to read as follows:


------------------------------------------------------------------------
                                     The corresponding percentages shall
                  ``In the case of    be substituted for  the following
                    taxable years                percentages:
                  beginning during  ------------------------------------
                   calendar year:      28%      31%      36%      39.6%
------------------------------------------------------------------------
                 2001..............   27.5%    30.5%    35.5%     39.1%
                 2002..............   27.0%    30.0%    35.0%     38.6%
                 2003 and             25.0%    28.0%    33.0%   35.0%''.
                  thereafter.
------------------------------------------------------------------------

    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2002.

SEC. 2. ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001 MADE 
              PERMANENT.

    Title IX of the Economic Growth and Tax Relief Reconciliation Act 
of 2001 (relating to compliance with Congressional Budget Act) is 
hereby repealed.
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