The Rate Reduction Tax Credit - “The Tax Rebate” - in the Economic Growth and Tax Relief Reconciliation Act of 2001: A Brief Explanation · Electoral Command Center

The Economic Growth and Tax Relief Reconciliation Act of 2001 (P.L. 107-16) created a rate reduction tax credit (RRTC) for tax year 2001. The RRTC was structured to mimic a 10% in…