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Bill > S730


US S730

US S730
Let States Cut Taxes Act


summary

Introduced
03/11/2021
In Committee
03/11/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend title VI of the Social Security Act to remove the prohibition on States and territories against lowering their taxes.

AI Summary

This bill, the "Let States Cut Taxes Act", seeks to amend the Social Security Act by removing the prohibition on states and territories from lowering their taxes. Specifically, it removes the provision in the American Rescue Plan Act of 2021 that restricted the use of Coronavirus State Fiscal Recovery Funds from being used for tax cuts. The bill also makes conforming changes to remove other related language restricting the use of these funds for tax revenue modifications. These amendments would take effect as if they were included in the original enactment of the American Rescue Plan Act.

Committee Categories

Budget and Finance

Sponsors (20)

Last Action

Read twice and referred to the Committee on Finance. (on 03/11/2021)

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