HR 7538
117th Congress
House
Taxation
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
Referred to the House Committee on Ways and Means.
Apr 18, 2022
Introduced in House
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)
Committees of jurisdiction
1
Cosponsors
1