I 112th CONGRESS 1st Session H. R. 185 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.

1.

Short title

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

2.

2003 tax reductions made permanent

Section 303 of the Jobs and Growth Tax Relief Reconciliation Act of 2003 is hereby repealed.

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 rateReduced percentage 109.5 1514.25 2523.75 2826.6 3331.35 3533.25 (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.