HR 3202
102th Congress
House
Taxation
Income tax
Indexing (Economic policy)
Tax deductions
Tax Reduction and Simplification Act of 1991
Introduced: August 2, 1991
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 2, 1991
Referred to the House Committee on Ways and Means.
Aug 2, 1991
Introduced in House
Plain-English summary
Tax Reduction and Simplification Act of 1991 - Amends the Internal Revenue Code to: (1) increase the basic standard deduction; (2) establish an additional standard deduction for dependents; and (3) provide an inflation adjustment for such deductions after calendar year 1991.
Reduces individual itemized deduction by ten percent (to offset the reductions in Federal revenues made by this Act).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1