A bill to amend the Internal Revenue Code of 1986 to increase the maximum taxable income for the 15 percent rate bracket.
Middle Class Tax Relief Act of 1999 - Amends the Internal Revenue Code to direct the Secretary of the Treasury to prescribe income tax rate tables that increase the maximum taxable income level for the 15 percent rate bracket and the minimum taxable income level for the 28 percent rate bracket by specified dollar amounts beginning with calendar year 2000.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S852-853)
Read twice and referred to the Committee on Finance.
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