HR 8214
117th Congress
House
Taxation
PERCENTS Act of 2022
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 23, 2022
Referred to the House Committee on Ways and Means.
Jun 23, 2022
Introduced in House
Plain-English summary
Permanent Extension of Rate Cuts and Extension of National Tax Simplification Act of 2022 or the PERCENTS Act of 2022
This bill makes permanent provisions in Public Law 115-97 (also known as the Tax Cuts and Jobs Act) relating to individual taxpayers, including the modification of individual income and capital gains tax rates and the increased exemption for the alternative minimum tax. It also increases the standard tax deduction and repeals the limitation on itemized tax deductions.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1