2001
What: H.R. 1836, The Economic Growth And Tax Relief Reconciliation Act Of 2001
When: Signed into law June 7, 2001
Effects: Cut marginal income tax rates, created a new 10% bracket, provided marriage penalty relief, put death tax on path to extinction, repealed pease and pep, increased the child tax credit, increased contribution and deferral limits on IRAs, and created the saver’s credit.
Documents: Summary, budget effects, detailed description, distributional effects, votes: House and Senate
2002
What: H.R. 3090, The Job Creation And Worker Assistance Act Of 2002
When: Signed into law March 9, 2002.
Effects: Bonus depreciation; temporary extension of net operating loss carry-back period; created NY Liberty Zone tax provisions.
Documents: Summary, budget effects, detailed description, votes: House and Senate
What: H.R. 3009, The Trade Act Of 2002
When: Signed into law August 6, 2002.
Effects: 65% refundable tax credit for purchase of health insurance coverage by certain taxpayers eligible for Trade adjustment assistance.
Documents: Summary, budget effects, votes: House and Senate
2003
What: H.R. 2, The Jobs And Growth Tax Relief Reconciliation Act Of 2003
When: Signed into law May 28, 2003.
Effects: Accelerated 2001 rate cuts, reduced rate applied to dividend income and capital gains, extended and expanded bonus depreciation, increased §179 small business expensing.
Documents: Summary, detailed description, budget effects, votes: House and Senate
What: H.R. 1, The Medicare Prescription Drug, Improvement, And Modernization Act Of 2003
When: Signed into law December 8, 2003
Effects: Created tax-preferred Health Savings Accounts.
Documents: Summary, budget effects, votes: House and Senate
2004
What: H.R. 1308, The Working Families Tax Relief Act Of 2004
When: Signed into law October 4, 2004
Effects: Extended research and experimentation (R&E) tax credit, $1,000 child credit, marriage tax relief, the 10% bracket to 12/31/2010 and AMT relief through 12/31/2005.
Documents: Summary, budget effects, votes: House and Senate
What: H.R. 4520, The American Jobs Creation Act Of 2004
When: Signed into law October 22, 2004
Effects: Extended §179 small business expensing, created an itemized deduction for State and local sales taxes in lieu of State and local income taxes.
Documents: Summary, budget effects, votes: House and Senate
2005
What: H.R. 6, The Energy Tax Incentives Act Of 2005
When: Signed into law August 8, 2005
Effects: Reduced taxes on consumers who purchase certain energy-efficient cars, on producers of energy from renewable energy sources and on investment in new energy infrastructure.
Documents: Summary, detailed description, budget effects, votes: House and Senate
What: H.R. 4440, The Gulf Opportunity Zone Act of 2005
When: Signed into law December 21, 2005
Effects: Provided 50 percent bonus depreciation, doubled small business expensing, and extended net operating loss carry-back period for businesses in the hurricane-affected region.
Documents: Summary, detailed description, budget effects, votes: House and Senate (both passed it by unanimous consent)
2006
What: H.R. 4297, The Tax Increase Prevention And Reconciliation Act Of 2005
When: Signed into law May 17, 2006
Effects: Extended reduction in rate applied to dividend income and capital gains, extended §179 small business expensing, extended AMT relief through 12/31/2006.
Documents: Summary, votes: House and Senate
What: Treasury Announces End to Long-Distance Telephone Excise Tax
When: May 25, 2006
Effects: Beginning in 2007, the Internal Revenue Service (IRS) will issue refunds of tax on long-distance service for the past three years.
What: H.R. 4, The Pension Protection Act Of 2006
When: Signed into law August 17, 2006
Effects: Made IRA provisions from the 2001 Act permanent, indexed IRA contribution limits to inflation, permanently extended the saver’s credit, permanently extended §529 college savings provisions.
Documents: Summary, detailed description, budget effects, votes: House and Senate
What: H.R. 6111, The Tax Relief And Health Care Act Of 2006
When: Signed into law December 20, 2006
Effects: Extended the R&E tax credit, extended state and local tax deduction, and enhanced HSAs by raising contribution limits, allowing one-time transfers, and making the accounts more flexible by allowing people to contribute to the annual limit irrespective of their plan’s deductible.
Documents: Summary, votes: House and Senate
2007
What: H.R. 3996, The Tax Increase Prevention Act of 2007
When: Signed into law December 26, 2007
Effects: Extended AMT relief through 12/31/2007.
Documents: Summary, votes: House and Senate
2008
What: H.R. 5140, The Economic Stimulus Act of 2008
When: Signed into law February 13, 2008.
Effects: Provides over $115 billion in rebate checks to over 128 million households, 50% bonus depreciation for 2008, and temporarily increases Section §179 to $250,000.
Documents: Summary, detailed description, budget effects, distributional effects, votes: House and Senate
Thanks to Jason Thomas for the original version of this document.