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Main Subject: Taxation

This bill makes permanent several tax provisions for individual taxpayers that were enacted by the Tax Cuts and Jobs Act of 2017 and are scheduled to expire at the end of 2025. These provisions include reduction of individual income tax rates, increase in the child tax credit, limitations on the tax deduction for state and local taxes and the mortgage interest deduction, and increase in the exemption amount for estate and gift taxes.

S480-117, HR1381-117, S1931-117,

Senate Actions

IntroReferral
Jan. 28 2021	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Jan. 28 2021	Introduced in Senate

Senate bill S126-117

A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes.

Senate bill S126-117

A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes.

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