H.R. 301 · 111th Congress
Economic Growth Through Tax Stimulus Act of 2009
- Stage
- In committee
- Sponsor
- Randy Neugebauer
- Introduced
- 2009-01-08
- Latest action
- 2009-01-13 · Sponsor introductory remarks on measure.
Summary
Economic Growth Through Tax Stimulus Act of 2009 - Makes permanent: (1) the tax provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001; (2) the reduction in dividend and capital gain tax rates in the Jobs and Growth Tax Relief Reconciliation Act of 2003; (3) the tax deduction for state and local sales taxes; (4) the tax deduction for tuition and related expenses; and (5) the increased expensing allowance for depreciable business assets.
Amends the Internal Revenue Code to reduce individual and corporate income tax rates in taxable years between 2008 and 2014.