US HB6760 | 2017-2018 | 115th Congress

Status

Sponsorship: Partisan Bill (Republican 41)
Status: Engrossed on October 1 2018 - 50% progression, died in committee
Action: 2018-10-01 - Received in the Senate and Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

Protecting Family and Small Business Tax Cuts Act of 2018 This bill amends the Internal Revenue Code to make permanent several tax provisions that were enacted in 2017 and are scheduled to expire at the end of 2025. The bill makes permanent provisions that: reduce individual tax rates, modify the taxation of the unearned income of children, allow a deduction for qualified business income of pass-through entities, increase the standard deduction, increase and modify the child tax credit, increase the limitation for certain charitable contributions, allow additional contributions to ABLE accounts (tax-favored accounts designed to enable individuals with disabilities to save for and pay for disability-related expenses), allow certain members of the Armed Forces in the Sinai Peninsula of Egypt to receive combat zone tax benefits, exclude from gross income discharges of student loan debt due to the death or disability of the student, repeal the deduction for personal exemptions, limit individual deductions for state and local taxes, limit the mortgage interest deduction, double the estate and gift tax exemption amount, increase the alternative minimum tax exemption amount for individuals, and repeal or limit several other deductions and exclusions. The bill also: extends through 2020 the reduction in the adjusted gross income threshold for the medical expense deduction, modifies the capital gains tax brackets, and modifies tax filing requirements for married taxpayers.

Tracking Information

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Title

Protecting Family and Small Business Tax Cuts Act of 2018

Sponsors


Roll Calls

2018-09-28 - House - On motion to recommit with instructions RC# 413 (Y: 184 N: 226 NV: 18 Abs: 0) [FAIL]
2018-09-28 - House - On passage RC# 414 (Y: 220 N: 191 NV: 18 Abs: 0) [PASS]

History

DateChamberAction
2018-10-01SenateReceived in the Senate and Read twice and referred to the Committee on Finance.
2018-09-28HouseMotion to reconsider laid on the table Agreed to without objection.
2018-09-28HouseOn passage Passed by the Yeas and Nays: 220 - 191 (Roll no. 414).
2018-09-28HouseOn motion to recommit with instructions Failed by the Yeas and Nays: 184 - 226 (Roll no. 413).
2018-09-28HouseConsidered as unfinished business. (consideration: CR H9256)
2018-09-28HousePOSTPONED PROCEEDINGS - At the conclusion of debate on the Larson (CT) motion to recommit with instructions, the Chair put the question on the motion to recommit, and announced by voice vote that the noes had prevailed. Mr. Larson (CT) demanded the yeas and nays, and the Chair postponed further proceedings on the motion to recommit until later in the legislative day.
2018-09-28HouseThe previous question on the motion to recommit with instructions was ordered without objection.
2018-09-28HouseDEBATE - The House proceeded with 10 minutes of debate on the Larson (CT) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add at the end the following new title: Title III - Effective Date; "Protect Medicare and Social Security Trust Funds Act of 2018"
2018-09-28HouseMr. Larson (CT) moved to recommit with instructions to the Committee on Ways and Means. (text: CR H9172-9173)
2018-09-28HouseThe previous question was ordered pursuant to the rule.
2018-09-28HouseDEBATE - The House proceeded with one hour of debate on H.R. 6760.
2018-09-28HouseRule provides for consideration of H.R. 6756, H.R. 6757 and H.R. 6760.
2018-09-28HouseConsidered under the provisions of rule H. Res. 1084. (consideration: CR H9158-9174; text of amendment in the nature of a substitute: CR H9158-9165)
2018-09-27HouseRule H. Res. 1084 passed House.
2018-09-26HouseRules Committee Resolution H. Res. 1084 Reported to House. Rule provides for consideration of H.R. 6756, H.R. 6757 and H.R. 6760.
2018-09-24HousePlaced on the Union Calendar, Calendar No. 746.
2018-09-24HouseReported (Amended) by the Committee on Ways and Means. H. Rept. 115-958.
2018-09-13HouseOrdered to be Reported in the Nature of a Substitute by the Yeas and Nays: 21 - 15.
2018-09-13HouseCommittee Consideration and Mark-up Session Held.
2018-09-10HouseReferred to the House Committee on Ways and Means.
2018-09-10HouseIntroduced in House

Same As/Similar To

HB5903 (Related) 2018-05-22 - Referred to the House Committee on Ways and Means.
HB6228 (Related) 2018-06-26 - Referred to the House Committee on Ways and Means.
HB6277 (Related) 2018-06-28 - Referred to the House Committee on Ways and Means.
SB2291 (Related) 2018-01-10 - Read twice and referred to the Committee on Finance.
SB2687 (Related) 2018-04-17 - Read twice and referred to the Committee on Finance.
HR1084 (Related) 2018-09-27 - Motion to reconsider laid on the table Agreed to without objection.

Subjects


US Congress State Sources


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