S 506
106th Congress
Senate
Taxation
Income tax
Personal income tax
Tax credits
A bill to amend the Internal Revenue Code of 1986 to permanently extend the provisions which allow nonrefundable personal credits to be fully allowed against regular tax liability.
Introduced: March 2, 1999
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 1999
Read twice and referred to the Committee on Finance.
Mar 2, 1999
Sponsor introductory remarks on measure. (CR S2114)
Mar 2, 1999
Introduced in Senate
Plain-English summary
Revises subpart A (Nonrefundable Personal Credits) of part IV (Credits Against Tax) of the Internal Revenue Code to provide that the aggregate amount of credits allowed under such subpart shall not exceed a taxpayer's regular tax liability.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1