US Congress House Bill 4085 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on October 19 2017 - 25% progression, died in committee
Action: 2017-10-19 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Tax Policy Transparency Act This bill requires the Joint Committee on Taxation (JCT) to make publicly available an analysis of the effects of major tax legislation, including: (1) a distributional analysis, (2) a dynamic distributional after-tax wage income analysis, and (3) a written summary of the results of the analyses. During the 10-year period after major tax legislation is enacted into law, the JCT must submit to Congress annual updates for the estimates included in the analyses. "Major tax legislation" includes legislation for which the estimate provided by the JCT and the Congressional Budget Office under the Congressional Budget Act of 1974 incorporates the budgetary effects of changes in economic output, employment, capital stock, and other macroeconomic variables (commonly known as dynamic scoring).

Tax Policy Transparency Act

Rep. C.A. Ruppersberger [D-MD]

Date	Chamber	Action
2017-10-19	House	Referred to the House Committee on Ways and Means.
2017-10-19	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/4085/all-info
Text	https://www.congress.gov/115/bills/hr4085/BILLS-115hr4085ih.pdf