summary
Introduced
02/10/2023
02/10/2023
In Committee
02/10/2023
02/10/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to make permanent certain provisions of the Tax Cuts and Jobs Act affecting individuals, families, and small businesses, and for other purposes.
AI Summary
This bill, the TCJA Permanency Act, makes permanent certain individual tax provisions from the Tax Cuts and Jobs Act (TCJA) that were set to expire. The key provisions include making permanent the lower individual income tax rates, the 20% deduction for qualified business income, the increased standard deduction and child tax credit, and the higher estate and gift tax exemption. The bill also makes permanent the increased exemption amounts for the alternative minimum tax. The changes would apply to tax years beginning after the date of enactment.
Committee Categories
Budget and Finance
Sponsors (105)
Vern Buchanan (R)*,
Rick Allen (R),
Mark Amodei (R),
Jodey Arrington (R),
Troy Balderson (R),
Andy Barr (R),
Andy Biggs (R),
Gus Bilirakis (R),
Dan Bishop (R),
Mike Bost (R),
Ken Buck (R),
Larry Bucshon (R),
Kat Cammack (R),
Mike Carey (R),
Buddy Carter (R),
Andrew Clyde (R),
Eli Crane (R),
Rick Crawford (R),
Dan Crenshaw (R),
Byron Donalds (R),
John Duarte (R),
Neal Dunn (R),
Jake Ellzey (R),
Tom Emmer (R),
Ron Estes (R),
Mike Ezell (R),
Pat Fallon (R),
Randy Feenstra (R),
Drew Ferguson (R),
Brad Finstad (R),
Michelle Fischbach (R),
Scott Fitzgerald (R),
Scott Franklin (R),
Russ Fulcher (R),
Matt Gaetz (R),
Carlos Giménez (R),
Bob Good (R),
Lance Gooden (R),
Garret Graves (R),
Mark Green (R),
Glenn Grothman (R),
Michael Guest (R),
Diana Harshbarger (R),
Kevin Hern (R),
Clay Higgins (R),
French Hill (R),
Ashley Hinson (R),
Erin Houchin (R),
Ronny Jackson (R),
Bill Johnson (R),
Mike Johnson (R),
Jim Jordan (R),
Dave Joyce (R),
Mike Kelly (R),
Trent Kelly (R),
Jen Kiggans (R),
David Kustoff (R),
Darin LaHood (R),
Bob Latta (R),
Jake LaTurner (R),
Laurel Lee (R),
Blaine Luetkemeyer (R),
Anna Luna (R),
Tracey Mann (R),
Brian Mast (R),
Michael McCaul (R),
Tom McClintock (R),
Dan Meuser (R),
Carol Miller (R),
Mary Miller (R),
Max Miller (R),
Mariannette Miller-Meeks (R),
John Moolenaar (R),
Alex Mooney (R),
Barry Moore (R),
Blake Moore (R),
Nathaniel Moran (R),
Jim Moylan (R),
Zach Nunn (R),
Andy Ogles (R),
Burgess Owens (R),
Greg Pence (R),
Scott Perry (R),
Bill Posey (R),
Guy Reschenthaler (R),
David Rouzer (R),
John Rutherford (R),
María Salazar (R),
Austin Scott (R),
Keith Self (R),
Adrian Smith (R),
Bryan Steil (R),
Greg Steube (R),
Claudia Tenney (R),
G.T. Thompson (R),
William Timmons (R),
Jeff Van Drew (R),
Beth Van Duyne (R),
Ann Wagner (R),
Michael Waltz (R),
Randy Weber (R),
Brad Wenstrup (R),
Brandon Williams (R),
Roger Williams (R),
Rudy Yakym (R),
Last Action
Referred to the House Committee on Ways and Means. (on 02/10/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/976/all-info |
| BillText | https://www.congress.gov/118/bills/hr976/BILLS-118hr976ih.pdf |
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