Referred to the House Committee on Ways and Means.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Mar 26, 2001
Working Americans' Tax Rebate Act of 2001 - Amends the Internal Revenue Code to allow individuals a refund of up to five percent of the income tax otherwise payable for taxable year 2000. Treats each individual as having made a payment against his or her income tax for the first taxable year beginning in 2000 in an amount equal to five percent of the amount of such individual's net income tax.States that the amount treated as paid shall not be less than the lesser of: (1) the amount of the taxpayer's net income tax for such taxpayer's first taxable year beginning in 2000; or (2) $100 ($50 in the case of a married individual filing a separate return). Sets the maximum amount treated as paid at $500 ($250 in the case of a married individual filing a separate return).Makes estates, trusts, and nonresident alien individuals ineligible for such refund.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 19, 2025. Consult Congress.gov for the current record.
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