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S. 126 117th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes.

Introduced: January 28, 2021 Introduced by: Ted Cruz Republican · Texas See on congress.gov
Taxation AfricaBank accounts, deposits, capitalCapital gains taxCharitable contributions
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CommutingDisability and paralysisEgyptEmployee benefits and pensionsGamblingHigher educationHousing finance and home ownershipIncome tax creditsIncome tax deductionsIncome tax exclusionIncome tax ratesInflation and pricesInterest, dividends, interest ratesMarriage and family statusMiddle EastMilitary personnel and dependentsPedestrians and bicyclingState and local taxationStudent aid and college costsTax administration and collection, taxpayersTax treatment of familiesTransfer and inheritance taxes
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 28, 2021
Read twice and referred to the Committee on Finance.
Jan 28, 2021
Introduced in Senate
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 Latest action January 28, 2021

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

This bill makes permanent several tax provisions for individual taxpayers that were enacted by the Tax Cuts and Jobs Act of 2017 and are scheduled to expire at the end of 2025. These provisions include reduction of individual income tax rates, increase in the child tax credit, limitations on the tax deduction for state and local taxes and the mortgage interest deduction, and increase in the exemption amount for estate and gift taxes.

 Related & companion bills 3
  • S 480 Main Street Tax Certainty Act
  • HR 1381 Main Street Tax Certainty Act
  • S 1931 Surface Transportation Reauthorization Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Ernst, Joni
Iowa · Jan 28, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 126: A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes.. 117th Congress. Open America. https://openamerica.io/bill/117-S-126/
MLA
"S. 126: A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-126/.
Bluebook (legal)
S. 126, 117th Cong. (2026), https://openamerica.io/bill/117-S-126/.
Markdown link
[S. 126: A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes.](https://openamerica.io/bill/117-S-126/)
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