US SB2281 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 4 2018 - 25% progression, died in committee
Action: 2018-01-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax rates in effect for taxable years 2018 through 2025. This bill amends the Internal Revenue Code to make permanent provisions included in P.L. 115-97 (commonly known as the Tax Cuts and Jobs Act) that: (1) reduced the individual tax rates, and (2) modified the taxation of the unearned income of children. The existing individual tax rates (10%, 12%, 22%, 24%, 32%, 35%, and 37%) are currently scheduled to expire and revert to higher rates at the end of 2025.

Tracking Information

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Title

A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax rates in effect for taxable years 2018 through 2025.

Sponsors

Sen. Ted Cruz [R-TX]

History

DateChamberAction
2018-01-04SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB1 (Related) 2017-12-22 - Became Public Law No: 115-97. (TXT | PDF)
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.

Subjects


US Congress State Sources


Bill Comments

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