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BRIDGE Act of 2001

Introduced: October 9, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 9, 2001
Referred to the House Committee on Ways and Means.
Oct 9, 2001
Sponsor introductory remarks on measure. (CR H6438-6440)
Oct 9, 2001
Introduced in House
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 Plain-English summary Congressional Research Service
Business Retained Income During Growth and Expansion Act of 2001 or the BRIDGE Act of 2001 - Amends the Internal Revenue Code to permit an eligible small business to elect to pay its tax in four equal installments. Limits the maximum amount of tax which may be paid in installments for any taxable year to whichever of the following is the least: (1) the tax imposed for the taxable year; (2) the amount contributed by the taxpayer into a BRIDGE Account during such year; or (3) the excess of $250,000 over the aggregate amount of tax for which an election was made by the taxpayer for all prior taxable years. Limits the above provisions to taxes imposed for taxable years beginning after enactment and before January 1, 2006.

Sets forth provisions: (1) defining an eligible small business; (2) setting dates for installment payments and interest payments; (3) establishing BRIDGE accounts; and (4) providing for a study and report.

What's happening now October 9, 2001

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Wilson, Joe
South Carolina · Feb 13, 2002
 D
Velázquez, Nydia M.
New York · Oct 9, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3062: BRIDGE Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-3062/
MLA
"H.R. 3062: BRIDGE Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-3062/.
Bluebook (legal)
H.R. 3062, 107th Cong. (2026), https://openamerica.io/bill/107-HR-3062/.
Markdown link
[H.R. 3062: BRIDGE Act of 2001](https://openamerica.io/bill/107-HR-3062/)
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