Skip to main content
H.R. 3062 107th Congress House

BRIDGE Act of 2001

Official title: To amend the Internal Revenue Code of 1986 to allow certain small businesses to defer payment of tax.

Introduced: October 9, 2001 See on congress.gov
Taxation Bank loansBusiness income taxCommerceCongress
More subjectsShow fewer subjects
Congressional investigationsCongressional reporting requirementsFinance and Financial SectorInterestLawLoansPartnershipsSmall businessSurety and fidelityTax deferralTax liensTrusts and trustees
Sign in to write a letter Sign in to watch
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
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action October 9, 2001

Referred to the House Committee on Ways and Means.

 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 1 Republican 1
BALLENGER, CASS
· Jul 23, 2002
 R
Wilson, Joe
South Carolina · Feb 13, 2002
CRANE, PHILIP
· Oct 9, 2001
Toomey, Patrick
· Oct 9, 2001
 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/)
Report a problem