H.R.22: To simplify certain provisions of the Internal Revenue Code of 1986 and to establish a uniform pass-thru regime.

About This Bill

Bill Summary

Individual and Small Business Tax Simplification Act of 2003 - Amends the Internal Revenue Code, with respect to individuals, to: (1) increase the alternative minimum tax exemption amount and adjust it for inflation; (2) replace the head of household filing status with a new exemption for single parents; (3) allow itemizers and nonitemizers a 50 percent deduction for capital gains; (4) repeal the two percent floor on miscellaneous itemized...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Ways and Means.
Jan. 7, 2003

Introduced in the House by Amory Houghton (R-N.Y.)

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