[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4181 Placed on Calendar Senate (PCS)]
Calendar No. 495
108th CONGRESS
2d Session
H. R. 4181
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
April 29, 2004
Received and read the first time
May 3, 2004
Read the second time and placed on the calendar
_______________________________________________________________________
AN ACT
To amend the Internal Revenue Code of 1986 to permanently extend the
marriage penalty relief provided under the Economic Growth and Tax
Relief Reconciliation Act of 2001.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. EXTENSION OF INCREASED STANDARD DEDUCTION FOR MARRIED
TAXPAYERS FILING JOINT RETURNS.
(a) In General.--Paragraph (2) of section 63(c) of the Internal
Revenue Code of 1986 (relating to basic standard deduction) is amended
to read as follows:
``(2) Basic standard deduction.--For purposes of paragraph
(1), the basic standard deduction is--
``(A) 200 percent of the dollar amount in effect
under subparagraph (C) for the taxable year in the case
of--
``(i) a joint return, or
``(ii) a surviving spouse (as defined in
section 2(a)),
``(B) $4,400 in the case of a head of household (as
defined in section 2(b)), or
``(C) $3,000 in any other case.''.
(b) Conforming Amendments.--
(1) Section 63(c)(4) of such Code is amended by striking
``(2)(D)'' each place it occurs and inserting ``(2)(C)''.
(2) Section 63(c) of such Code is amended by striking
paragraph (7).
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2004.
SEC. 2. EXTENSION OF 15-PERCENT INDIVIDUAL INCOME TAX RATE BRACKET
EXPANSION FOR MARRIED TAXPAYERS FILING JOINT RETURNS.
(a) In General.--Paragraph (8) of section 1(f) of the Internal
Revenue Code of 1986 (relating to phaseout of marriage penalty in 15-
percent bracket) is amended to read as follows:
``(8) Elimination of marriage penalty in 15-percent
bracket.--With respect to taxable years beginning after
December 31, 2004, in prescribing the tables under paragraph
(1)--
``(A) the maximum taxable income in the 15 percent
rate bracket in the table contained in subsection (a)
(and the minimum taxable income in the next higher
taxable income bracket in such table) shall be 200
percent of the maximum taxable income in the 15-percent
rate bracket in the table contained in subsection (c)
(after any other adjustment under this subsection), and
``(B) the comparable taxable income amounts in the
table contained in subsection (d) shall be \1/2\ of the
amounts determined under subparagraph (A).''.
(b) Conforming Amendment.--The heading for subsection (f) of
section 1 of such Code is amended by striking ``Phaseout'' and
inserting ``Elimination''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2004.
SEC. 3. REPEAL OF SUNSET.
Title IX of the Economic Growth and Tax Relief Reconciliation Act
of 2001 shall not apply to the amendments made by title III of such
Act.
Passed the House of Representatives April 28, 2004.
Attest:
JEFF TRANDAHL,
Clerk.
Calendar No. 495
108th CONGRESS
2d Session
H. R. 4181
_______________________________________________________________________
AN ACT
To amend the Internal Revenue Code of 1986 to permanently extend the
marriage penalty relief provided under the Economic Growth and Tax
Relief Reconciliation Act of 2001.
_______________________________________________________________________
May 3, 2004
Read the second time and placed on the calendar