[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 185 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 185

   To amend the Internal Revenue Code of 1986 to permanently reduce 
                      individual income tax rates.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 2011

 Mr. Wilson of South Carolina 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 permanently reduce 
                      individual income tax rates.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Permanent Tax Relief Act of 2011''.

SEC. 2. 2003 TAX REDUCTIONS MADE PERMANENT.

    Section 303 of the Jobs and Growth Tax Relief Reconciliation Act of 
2003 is hereby repealed.

SEC. 3. FIVE-PERCENT REDUCTION IN INDIVIDUAL INCOME TAX RATES.

    (a) In General.--Section 1 of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new subsection:
    ``(j) Rate Reductions After 2010.--
            ``(1) In general.--In the case of taxable years beginning 
        in a calendar year after 2010, the reduced percentage specified 
        in the following table shall be substituted for the otherwise 
        applicable tax rate in the tables under subsections (a), (b), 
        (c), (d), and (e).


``Otherwise applicable tax rate          Reduced percentage
  10...................................  9.5
  15...................................  14.25
  25...................................  23.75
  28...................................  26.6
  33...................................  31.35
  35...................................  33.25
 

            ``(2) Adjustment of tables.--The Secretary shall adjust the 
        tables prescribed under subsection (f) to carry out this 
        subsection.''.
    (b) Effective Date.--The amendment made by this subsection shall 
apply to taxable years beginning after December 31, 2010.
    (c) Repeal of EGTRRA Sunset of Rate Reductions.--Title IX of the 
Economic Growth and Tax Relief Reconciliation Act of 2001 shall not 
apply to the amendments made by section 101 of such Act.
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