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S 687 116th Congress Senate Taxation Income tax rates Interest, dividends, interest rates Tax administration and collection, taxpayers

Taxpayer Penalty Protection Act of 2019

Introduced: March 6, 2019 Introduced by: Gillibrand, Kirsten E. Democratic · New York See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 6, 2019
Read twice and referred to the Committee on Finance.
Mar 6, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Taxpayer Penalty Protection Act of 2019

This bill reduces the amount of estimated income tax that certain taxpayers are required to pay for 2018.

Presently, a penalty applies if taxpayers do not use either withholding or estimated tax payments to make a required annual payment before the end of the year. The required payment is the lesser of 90% of the tax for the taxable year or a specified percentage of the preceding year's tax.

For 2018, the bill reduces the percentage of the preceding year's tax from 100% to 80%. For taxpayers with adjusted gross incomes for the preceding year that exceed $150,000, the bill reduces the percentage from 110% to 100%.

What's happening now March 6, 2019

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 1300 Identical bill Taxpayer Penalty Protection Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 687: Taxpayer Penalty Protection Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-687/
MLA
"S. 687: Taxpayer Penalty Protection Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-687/.
Bluebook (legal)
S. 687, 116th Cong. (2026), https://openamerica.io/bill/116-S-687/.
Markdown link
[S. 687: Taxpayer Penalty Protection Act of 2019](https://openamerica.io/bill/116-S-687/)
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