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H.R. 7538

To provide the equivalent of a 6-month Federal income tax holiday for certain individuals.

This bill reduces the income tax of individual taxpayers for taxable years beginning after December 31, 2021, by the six-month federal income tax holiday amount. That amount is 50% of the income tax otherwise imposed and is phased out based upon taxpayer adjusted gross income.

Sponsor introductory remarks on measure. (CR H4519)

Rep. Moore, Barry [R-AL-2](R-AL)Sponsor
1 cosponsor1 R
1cosponsors1committees4actions
  1. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR H4519)

  2. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  3. IntroReferralIntro-H

    Introduced in House

  4. IntroReferral1000

    Introduced in House

To provide the equivalent of a 6-month Federal income tax holiday for certain individuals. — Informed