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- S.2281
S.2281: A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax rates in effect for taxable years 2018 through 2025.
About This Bill
- Introduced Jan. 4, 2018
- Latest Major Action Jan. 4, 2018
Bill Sponsor
Bill Version
- Introduced in Senate - Jan. 4, 2018
Bill Summary
This bill amends the Internal Revenue Code to make permanent provisions included in P.L. 115-97 (commonly known as the Tax Cuts and Jobs Act) that: (1) reduced the individual tax rates, and (2) modified the taxation of the unearned income of children. The existing individual tax rates (10%, 12%, 22%, 24%, 32%, 35%, and 37%) are currently scheduled to expire and revert to higher rates at the end of 2025.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Jan. 4, 2018 |
Read twice and referred to the Committee on Finance.
|
Jan. 4, 2018 |
Introduced in the Senate by Ted Cruz (R-Texas) |