A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes.
Latest action · Jan 28, 2021 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 28, 2021
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
This bill makes permanent several tax provisions for individual taxpayers that were enacted by the Tax Cuts and Jobs Act of 2017 and are scheduled to expire at the end of 2025. These provisions include reduction of individual income tax rates, increase in the child tax credit, limitations on the tax deduction for state and local taxes and the mortgage interest deduction, and increase in the exemption amount for estate and gift taxes.
Cosponsors 3
Members who signed on, in the order they did. All signed on Jan 28, 2021.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OK | James M. Inhofe | Original | Jan 28, 2021 |
| R-IA | Joni Ernst | Original | Jan 28, 2021 |
| R-IN | Mike Braun | Original | Jan 28, 2021 |
Actions 2
Everything that happened, newest first.
- Jan 28, 2021Introduced in Senate
- Jan 28, 2021Read twice and referred to the Committee on Finance.
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 480 | Main Street Tax Certainty Act | Related bill | Feb 25, 2021 |
| HR 1381 | Main Street Tax Certainty Act | Related bill | Feb 25, 2021 |
| S 1931 | Surface Transportation Reauthorization Act of 2021 | Related bill | Oct 6, 2021 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Africa
- Bank accounts, deposits, capital
- Capital gains tax
- Charitable contributions
- Commuting
- Disability and paralysis
- Egypt
- Employee benefits and pensions
- Gambling
- Higher education
- Housing finance and home ownership
- Income tax credits
- Income tax deductions
- Income tax exclusion
- Income tax rates
- Inflation and prices
- Interest, dividends, interest rates
- Marriage and family status
- Middle East
- Military personnel and dependents
- Pedestrians and bicycling
- State and local taxation
- Student aid and college costs
- Tax administration and collection, taxpayers
- Tax treatment of families
- Taxation
- Transfer and inheritance taxes
Text 1
Each version as it was printed, newest first.
- Jan 28, 2021Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.