HR 5155
117th Congress
House
Taxation
Taxpayer Penalty Protection Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 3, 2021
Referred to the House Committee on Ways and Means.
Sep 3, 2021
Introduced in House
Plain-English summary
Taxpayer Penalty Protection Act of 2021
This bill exempts taxpayers from penalties for failure to pay estimated income tax in taxable years beginning in 2020 if such taxpayers (1) paid at least 70% of the tax due for the current year, and (2) paid 70% (90% if adjusted gross income exceeds $150,000) of tax shown on returns for the prior year.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1