S. 2291 — 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.

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.

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Related Legislation

H.R. 6760Protecting Family and Small Business Tax Cuts Act of 2018
2018-10-01Received in the Senate and Read twice and referred to the Committee on Finance.
Related
H.R. 1Tax Cuts and Jobs Act
2017-12-22Became Public Law No: 115-97.
Related
S. 2281A bill to amend the Internal Revenue Code of 1986 to make permanent the individual tax rates in effect for taxable years 2018 through 2025.
2018-01-04Read twice and referred to the Committee on Finance.
Related
S. 2687A 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.
2018-04-17Read twice and referred to the Committee on Finance.
Related

Legislative Actions

2018-01-10
Introduced in Senate
2018-01-10
Read twice and referred to the Committee on Finance.

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.

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