H.R.5155: Taxpayer Penalty Protection Act of 2021

About This Bill

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Bill Summary

Taxpayer Penalty Protection Act of 2021 This bill exempts taxpayers from penalties for failure to pay estimated income tax in taxable years beginning in 2020 if such taxpayers (1) paid at least 70% of the tax due for the current year, and (2) paid 70% (90% if adjusted gross income exceeds $150,000) of tax shown on returns for the prior year.

(Source: Library of Congress)

Bill Actions

Date Description
Sept. 3, 2021
Referred to the House Committee on Ways and Means.
Sept. 3, 2021

Introduced in the House by Judy Chu (D-Calif.)

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