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H.R. 4242 · 97th Congress · 1981–1982

A bill to amend the Internal Revenue Code of 1954 to encourage economic growth through reductions in individual income tax rates, the expensing of depreciable property, incentives for small businesses, and incentives for savings, and for other purposes.

H.R. 4242 in the 97th Congress (1981–1982) became law — introduced on Jul 23, 1981, sponsored by Daniel Rostenkowski. Congress held 4 roll call votes on it.

During the 97th Congress (1981–1982), Ronald Reagan was president, and Democrats held the House majority and Republicans the Senate majority.

Status
Became law
Introduced
Jul 23, 1981
Policy area
Economy
Public law
Public Law 97-34

Sponsor

Daniel Rostenkowski (D-IL)

Where it stands

  • IntroducedJul 23, 1981
  • Passed the HouseYes
  • Passed the SenateYes
  • Sent to the PresidentYes
  • Became lawAug 13, 1981

Every roll call vote on this bill

More bills from Daniel Rostenkowski in the 97th Congress

Other Economy bills in the 97th Congress

More

From the Congressional Bills Project (Adler and Wilkerson), covering 1947–2002.

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Capitol Receipts, “H.R. 4242 (97th Congress): A bill to amend the Internal Revenue Code…,” https://www.capitolreceipts.com/bill/97-hr-4242/a-bill-to-amend-the-internal-revenue-code-of (accessed 2026-10-17).