To provide the equivalent of a 6-month Federal income tax holiday for certain individuals.
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 27, 2022
Sponsor introductory remarks on measure. (CR H4519)
Apr 18, 2022
Introduced in House
Apr 18, 2022
Referred to the House Committee on Ways and Means.
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Plain-English summary
This bill reduces the income tax of individual taxpayers for taxable years beginning after December 31, 2021, by the six-month federal income tax holiday amount. That amount is 50% of the income tax otherwise imposed and is phased out based upon taxpayer adjusted gross income.
What's happening now
Sponsor introductory remarks on measure. (CR H4519)
Bill text
1 version
- Introduced in House Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
1
Cite this page
U.S. Congress. (2026). H.R. 7538: To provide the equivalent of a 6-month Federal income tax holiday for certain individuals.. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7538/
"H.R. 7538: To provide the equivalent of a 6-month Federal income tax holiday for certain individuals.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7538/.
H.R. 7538, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7538/.
[H.R. 7538: To provide the equivalent of a 6-month Federal income tax holiday for certain individuals.](https://openamerica.io/bill/117-HR-7538/)