S.1711: Half and Half: Tax Relief and Debt Reduction Act of 1998

About This Bill

  • This bill was introduced in the 105th Congress
  • This bill is primarily about congress
  • Introduced March 5, 1998
  • Latest Major Action March 17, 1998

Bill Summary

Half and Half: Tax Relief and Debt Reduction Act of 1998 - Amends the Internal Revenue Code to permit a husband and wife to file a combined tax return with separate rates. (Sec. 3) Raises the ceiling on income taxed at the lowest levels of taxation. (Sec. 4) Includes "mid-term gain" (certain property held for more than one year, but less than 18 months) within the definition of adjusted capital gain. (Sec. 5) Indexes certain assets for...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
Sponsor introductory remarks on measure.
March 5, 1998

Introduced in the Senate by Kay Bailey Hutchison (R-Texas)

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