Politiparty
Politiparty

118th Congress Taxation

S. 1226: To amend the Internal Revenue Code of 1986 to make permanent the individual tax provisions of the tax reform law, and for other purposes

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

  1. Introduced (completed)Apr 20, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Apr 20, 2023

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 a reduction of individual income tax rates, an increase in the child tax credit, limitations on the tax deduction for state and local taxes and the mortgage interest deduction, and an increase in the exemption amount for estate and gift taxes.

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

0 offered

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Cosponsors

1

Who scored on this bill

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Other bills by Ted Cruz

History

  1. Apr 20, 2023Introduced in the Senate by Ted Cruz.
Show the full action history (2 actions)
  1. Apr 20, 2023Introduced in Senate
  2. Apr 20, 2023Read twice and referred to the Committee on Finance.