PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Finance. (text of measure as introduced: (CR S182-183)
Congressional Research Service
Version 00 · Introduced in Senate · Jan 28, 2002
Business Retained Income During Growth and Expansion Act of 2002 or the BRIDGE Act of 2002 - Amends the Internal Revenue Code to permit an eligible small business to elect to pay its tax in four equal installments. Limits the maximum amount of tax which may be paid in installments for any taxable year to whichever of the following is the least: (1) the tax imposed for the taxable year; (2) the amount contributed by the taxpayer into a BRIDGE Account during such year; or (3) the excess of $250,000 over the aggregate amount of tax for which an election was made by the taxpayer for all prior taxable years. Limits the above provisions to taxes imposed for taxable years beginning after December 31, 2001, and before January 1, 2006.Sets forth provisions: (1) defining an eligible small business; (2) setting dates for installment payments and interest payments; (3) establishing BRIDGE accounts; and (4) providing for a study and report.
People & committees
Sen. Kerry, John F. [D-MA] · D–MA
Legislative record
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Read twice and referred to the Committee on Finance. (text of measure as introduced: (CR S182-183)
Sponsor introductory remarks on measure. (CR S181-182)
Introduced in Senate
Primary sources
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Source last updated: Aug 19, 2025. Consult Congress.gov for the current record.
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