3.0.0 2687 2023-01-11T13:39:41Z 2023-01-11T13:39:41Z Senate S 2018-04-17 115 ssfi00 Finance Committee Senate Standing Referred to 2018-04-17T18:44:58Z Protecting Family and Small Business Tax Cuts Act of 2018 115 6760 HR 2018-10-01 Received in the Senate and Read twice and referred to the Committee on Finance. Related bill CRS 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. 115 2281 S 2018-01-04 Read twice and referred to the Committee on Finance. Related bill CRS 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. 115 2291 S 2018-01-10 Read twice and referred to the Committee on Finance. Related bill CRS Main Street Tax Certainty Act 115 6277 HR 2018-06-28 Referred to the House Committee on Ways and Means. Related bill CRS To amend the Internal Revenue Code of 1986 to make permanent the increase in the estate and gift tax exemption made by Public Law 115-97. 115 6228 HR 2018-06-26 Referred to the House Committee on Ways and Means. Related bill CRS 2018-04-17 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-04-17 Introduced in Senate IntroReferral 10000 9 Library of Congress C001098 Sen. Cruz, Ted [R-TX] Ted Cruz R TX N E000295 Sen. Ernst, Joni [R-IA] Joni Ernst R IA 2018-06-28 False Taxation Bank accounts, deposits, capital Capital gains tax Charitable contributions Commuting Disability and paralysis Egypt Employee benefits and pensions Gambling Health care costs and insurance Higher education Housing finance and home ownership Income tax credits Income tax deductions Income tax exclusion Income tax rates Inflation and prices Interest, dividends, interest rates Marriage and family status Middle East Military personnel and dependents Pedestrians and bicycling State and local taxation Student aid and college costs Tax administration and collection, taxpayers Tax treatment of families Transfer and inheritance taxes Taxation 00 2018-04-17 Introduced in Senate 2019-03-28T18:54:50Z This bill amends the Internal Revenue Code to make permanent several tax provisions that were enacted in 2017 and are scheduled to expire at the end of 2025.

The bill makes permanent provisions that

  • reduce individual tax rates,
  • modify the taxation of the unearned income of children,
  • allow a deduction for qualified business income of pass-through entities,
  • increase the standard deduction,
  • increase and modify the child tax credit,
  • increase the limitation for certain charitable contributions,
  • allow additional contributions to ABLE accounts (tax-favored accounts designed to enable individuals with disabilities to save for and pay for disability-related expenses),
  • allow certain members of the Armed Forces in the Sinai Peninsula of Egypt to receive combat zone tax benefits,
  • reduce the adjusted gross income threshold for the medical expense deduction,
  • exclude from gross income discharges of student loan debt due to the death or disability of the student,
  • repeal the deduction for personal exemptions,
  • limit individual deductions for state and local taxes,
  • limit the mortgage interest deduction,
  • double the estate and gift tax exemption amount,
  • increase the alternative minimum tax exemption amount for individuals, and
  • repeal or limit several other deductions and exclusions.

The bill also modifies (1) the capital gains tax brackets, and (2) the tax filing requirements for married taxpayers.

]]> 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. Display Title 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. Official Title as Introduced 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 in Senate IS Short Titles as Introduced for portions of this bill Tax Cuts and Jobs Act Introduced in Senate 2018-04-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2687is/xml/BILLS-115s2687is.xml 2018-04-17 Read twice and referred to the Committee on Finance. 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.