Bill115th CongressFiled Jan 4, 2018Taxation
S. 2281
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.
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jan 4, 2018)
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.
What just happenedJan 4, 2018
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Cruz, Ted [R-TX](R-TX)Sponsor
1committees2actions3related bills3subjects
- Introduced in SenateJan 4, 2018
- Jan 4, 2018IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jan 4, 2018IntroReferral10000
Introduced in Senate