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HR 6924 117th Congress House Taxation Appropriations Disability assistance Employment taxes Government trust funds Social security and elderly assistance

Pandemic Payroll Tax Suspension Act

Introduced: March 3, 2022 Introduced by: Gosar, Paul A. Republican · Arizona See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 2022
Referred to the House Committee on Ways and Means.
Mar 3, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Pandemic Payroll Tax Suspension Act

This bill suspends payroll taxes (i.e., employment and self-employment taxes) in 2021 and 2022. The bill requires the transfer of funds from the Treasury to the Old-Age and Survivors Trust Fund, the Disability Trust Fund, and the Social Security Equivalent Benefit Account to compensate for the reduction in revenues resulting from the suspension of taxes under this bill.

What's happening now March 3, 2022

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1