H R 470 in Congressional Session 111

Official Summary

 

Bill Number : H R 470

 

Title : To amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth.

 

SUMMARY AS OF:
1/13/2009--Introduced. Economic Recovery and Middle-Class Tax Relief Act of 2009 - Makes permanent the reductions in the dividend and capital gain tax enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003.Amends the Internal Revenue Code to: (1) reduce individual and corporate income tax rates; (2) repeal the alternative minimum tax for individual taxpayers; (3) allow inflation adjustments to the basis of capital assets in determining gain or loss; (4) reduce the capital gains tax rate for corporations; (5) repeal limitations on the expensing allowance for depreciable business assets; (6) make permanent the tax credit for increasing research activities; (7) extend the carryback period for net operating losses to seven years; (8) increase the child tax credit; (9) exclude from gross income in 2009 distributions from an individual retirement plan (IRA) and exempt IRAs from mandatory distribution requirements after 2009; and (10) increase the tax deductions for tuition and related expenses and for the interest on qualified education loans.Makes 1% across-the-board rescissions in non-defense discretionary spending for FY2009.

Votes

Title : To amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth.
Votes in the US Senate
This Bill was not Voted in the US Senate
Votes in the US House
This Bill was not Voted in the US House

Sponsors

 
Congressional Sponsors of H R 470
 
Bill Number : H R 470
Title : To amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth.
Sponsor: Rep Garrett, Scott [NJ-5] (introduced 1/13/2009)      
ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

    Rep Aderholt, Robert B. [AL-4] - 1/22/2009

    Rep Akin, W. Todd [MO-2] - 1/15/2009

    Rep Austria, Steve [OH-7] - 1/28/2009

    Rep Bachmann, Michele [MN-6] - 1/15/2009

    Rep Barrett, J. Gresham [SC-3] - 1/27/2009

    Rep Bartlett, Roscoe G. [MD-6] - 1/15/2009

    Rep Barton, Joe [TX-6] - 1/28/2009

    Rep Bilbray, Brian P. [CA-50] - 1/26/2009

    Rep Bishop, Rob [UT-1] - 1/22/2009

    Rep Blackburn, Marsha [TN-7] - 1/15/2009

    Rep Brady, Kevin [TX-8] - 1/22/2009

    Rep Broun, Paul C. [GA-10] - 1/15/2009

    Rep Brown, Henry E., Jr. [SC-1] - 1/27/2009

    Rep Burgess, Michael C. [TX-26] - 1/22/2009

    Rep Burton, Dan [IN-5] - 1/15/2009

    Rep Chaffetz, Jason [UT-3] - 1/15/2009

    Rep Coffman, Mike [CO-6] - 1/15/2009

    Rep Cole, Tom [OK-4] - 1/28/2009

    Rep Conaway, K. Michael [TX-11] - 1/26/2009

    Rep Culberson, John Abney [TX-7] - 1/26/2009

    Rep Deal, Nathan [GA-9] - 1/22/2009

    Rep Fallin, Mary [OK-5] - 1/15/2009

    Rep Flake, Jeff [AZ-6] - 1/15/2009

    Rep Fleming, John [LA-4] - 1/22/2009

    Rep Forbes, J. Randy [VA-4] - 1/15/2009

    Rep Foxx, Virginia [NC-5] - 1/15/2009

    Rep Franks, Trent [AZ-2] - 1/26/2009

    Rep Gallegly, Elton [CA-24] - 1/26/2009

    Rep Gingrey, Phil [GA-11] - 1/15/2009

    Rep Gohmert, Louie [TX-1] - 1/15/2009

    Rep Harper, Gregg [MS-3] - 1/15/2009

    Rep Hensarling, Jeb [TX-5] - 1/22/2009

    Rep Jordan, Jim [OH-4] - 1/13/2009

    Rep Kingston, Jack [GA-1] - 1/15/2009

    Rep Kline, John [MN-2] - 1/15/2009

    Rep Lamborn, Doug [CO-5] - 1/15/2009

    Rep Latta, Robert E. [OH-5] - 1/22/2009

    Rep Linder, John [GA-7] - 1/26/2009

    Rep Luetkemeyer, Blaine [MO-9] - 1/15/2009

    Rep Lummis, Cynthia M. [WY] - 1/15/2009

    Rep Mack, Connie [FL-14] - 1/15/2009

    Rep Manzullo, Donald A. [IL-16] - 1/15/2009

    Rep Marchant, Kenny [TX-24] - 1/15/2009

    Rep McCaul, Michael T. [TX-10] - 1/15/2009

    Rep McClintock, Tom [CA-4] - 1/22/2009

    Rep McHenry, Patrick T. [NC-10] - 1/28/2009

    Rep Miller, Jeff [FL-1] - 1/26/2009

    Rep Myrick, Sue Wilkins [NC-9] - 1/15/2009

    Rep Olson, Pete [TX-22] - 1/22/2009

    Rep Paul, Ron [TX-14] - 1/22/2009

    Rep Pence, Mike [IN-6] - 1/15/2009

    Rep Pitts, Joseph R. [PA-16] - 1/15/2009

    Rep Poe, Ted [TX-2] - 1/22/2009

    Rep Posey, Bill [FL-15] - 1/22/2009

    Rep Price, Tom [GA-6] - 1/13/2009

    Rep Radanovich, George [CA-19] - 1/22/2009

    Rep Rooney, Thomas J. [FL-16] - 1/27/2009

    Rep Ryan, Paul [WI-1] - 1/28/2009

    Rep Scalise, Steve [LA-1] - 1/15/2009

    Rep Sessions, Pete [TX-32] - 1/15/2009

    Rep Shadegg, John B. [AZ-3] - 1/27/2009

    Rep Smith, Adrian [NE-3] - 1/22/2009

    Rep Smith, Lamar [TX-21] - 1/26/2009

    Rep Thompson, Glenn [PA-5] - 1/28/2009

    Rep Thornberry, Mac [TX-13] - 1/22/2009

    Rep Tiahrt, Todd [KS-4] - 1/28/2009

    Rep Wamp, Zach [TN-3] - 1/22/2009

    Rep Westmoreland, Lynn A. [GA-3] - 1/22/2009

    Rep Wilson, Joe [SC-2] - 1/15/2009

    Rep Wittman, Robert J. [VA-1] - 1/15/2009

Other Info

Bill Number : H R 470
Title : To amend the Internal Revenue Code of 1986 to provide for permanent tax incentives for economic growth.
 
MAJOR ACTIONS:
***NONE***
 
ALL ACTIONS:
 
1/13/2009:Referred to the Committee on Ways and Means, and in addition to the Committee on Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
 
1/13/2009:Referred to House Ways and Means
 
1/13/2009:Referred to House Appropriations