US S743

Bill

US S743

State Fiscal Flexibility Act of 2021

Introduced
03/15/2021

In Committee
03/15/2021

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, titled the "State Fiscal Flexibility Act of 2021," aims to amend the Social Security Act by removing the prohibition on states and territories lowering their tax revenue sources during the COVID-19 pandemic. Specifically, it removes the requirement for states and territories to maintain their tax revenue levels as a condition for receiving federal Coronavirus State Fiscal Recovery Funds under the American Rescue Plan Act of 2021. The bill also eliminates the restriction on using these funds for depositing into pension funds.

Committee Categories

Budget and Finance

Sponsors (12)

Mike Crapo (R)*, Mike Braun (R), John Cornyn (R), Steve Daines (R), Joni Ernst (R), Chuck Grassley (R), James Lankford (R), Rob Portman (R), Jim Risch (R), Tim Scott (R), John Thune (R), Todd Young (R),

Last Action

Read twice and referred to the Committee on Finance. (on 03/15/2021)

Official Document

https://www.congress.gov/bill/117th-congress/senate-bill/743/all-info

(5 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/117th-congress/senate-bill/743/all-info
BillText	https://www.congress.gov/117/bills/s743/BILLS-117s743is.pdf
Bill	https://www.congress.gov/117/bills/s743/BILLS-117s743is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR2002	Let States Cut Taxes Act	Referred to the House Committee on Oversight and Reform.	Related
HR2189	State Tax Freedom Act	Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HR7485	Simplify, Don’t Amplify the IRS Act	Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Reform, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
S4046	Simplify, Don’t Amplify the IRS Act	Read twice and referred to the Committee on Finance.	Related
S730	Let States Cut Taxes Act	Read twice and referred to the Committee on Finance.	Related

Bill > S743

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (12)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary