Bill Summary & Status for the 106th Congress

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H.R.2085
Sponsor: Rep Hooley, Darlene(introduced 6/9/1999)
Latest Major Action: 6/9/1999 Referred to House committee
Title: To amend the Internal Revenue Code of 1986 to end the marriage penalty, to provide estate tax relief for family-owned farms and other family-owned businesses, to provide a tax credit for longterm care needs, to expand the child and dependent care tax credit, to increase the deduction for health insurance costs for self-employed individuals, and to adjust for inflation the exemption amounts used to calculate the individual alternative minimum tax.
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TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions) (Floor Actions/Congressional Record Page References)
6/9/1999:
Referred to the House Committee on Ways and Means.
COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***

AMENDMENT(S):

***NONE***

COSPONSORS(1), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Rep Walden, Greg - 6/9/1999

SUMMARY AS OF:
6/9/1999--Introduced.

Family Tax Reduction Act of 1999 - Amends the Internal Revenue Code to, among other things: (1) make the standard deduction for taxpayers filing a joint returns twice the deduction of taxpayers filing single returns; (2) increase the deduction from the estate tax for family-owned farms and other family-owned business interests; (3) establish a family care credit for taxpayers with long-term care needs; (4) increase the maximum child and dependent care tax credit rate; (5) allow a 100 percent deduction for the health insurance costs of self-employed individuals; and (6) provide for an inflation adjustment in the alternative minimum tax exemption amount for individuals.