3.0.0 5372 2023-01-11T13:40:08Z 2023-01-11T13:40:08Z House HR 2018-03-21 115 [Congressional Record Volume 164, Number 49 (Wednesday, March 21, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MITCHELL:H.R. 5372.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the Constitution of theUnited States.[Page H1755]]]> hswm00 Ways and Means Committee House Standing Referred to 2018-03-21T14:01:45Z A bill to amend the Internal Revenue Code of 1986 to provide for a permanent extension of the lower threshold for the medical expense deduction. 115 3621 S 2018-11-14 Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6966) Related bill CRS 2018-03-21 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-03-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-03-21 Introduced in House IntroReferral 1000 9 Library of Congress M001201 Rep. Mitchell, Paul [R-MI-10] Paul Mitchell R MI 10 N B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2018-07-25 False Taxation Bank accounts, deposits, capital Commuting Corporate finance and management Disability and paralysis Egypt Gambling Health care costs and insurance Housing finance and home ownership Income tax credits Income tax deductions Income tax exclusion Income tax rates Interest, dividends, interest rates Middle East Military personnel and dependents Pedestrians and bicycling State and local taxation Student aid and college costs Tax treatment of families Transfer and inheritance taxes Transportation costs Wages and earnings Taxation 00 2018-03-21 Introduced in House 2018-11-15T20:39:25Z Tax Cuts and Jobs Middle Class Enhancement Act

This bill amends the Internal Revenue Code to exclude from gross income up to $5,000 received by an individual as a bonus after December 22, 2017, and before January 1, 2019. The bill defines a "bonus" as amounts paid to an employee other than amounts obligated under an employment contract.

The bill makes permanent the tax reductions and other provisions for individuals that were enacted in P.L 115-97 (commonly known as the Tax Cuts and Jobs Act) and are scheduled to expire at the end of 2025.

The bill also:

  • increases the standard deduction,
  • makes permanent the reduction in the adjusted gross income threshold that must be exceeded before a taxpayer is allowed to claim an itemized deduction for medical expenses, and
  • increases the refundable portion of the child tax credit.
]]> Tax Cuts and Jobs Middle Class Enhancement Act Display Title Tax Cuts and Jobs Middle Class Enhancement Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to make permanent certain provisions of Public Law 115-97, and for other purposes. Introduced in House IH Short Titles as Introduced Tax Cuts and Jobs Middle Class Enhancement Act Introduced in House 2018-03-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr5372ih/xml/BILLS-115hr5372ih.xml 2018-03-21 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.