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United States · Bill · HR

H.R. 7538 (117th)

To provide the equivalent of a 6-month Federal income tax holiday for certain individuals.

openUnited States· United States Congress· EN

Introduced

18 April 2022

Last action

Status

Sponsor introductory remarks on measure. (CR H4519)

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

This bill reduces the income tax of individual taxpayers for taxable years beginning after December 31, 2021, by the six-month federal income tax holiday amount. That amount is 50% of the income tax otherwise imposed and is phased out based upon taxpayer adjusted gross income.

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Documents

3 official files

Introduced in House (text)

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