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United States · Bill · S

S. 687 (116th)

Taxpayer Penalty Protection Act of 2019

referredUnited States· United States Congress· EN

Introduced

6 March 2019

Last action

6 March 2019 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Gillibrand, Kirsten E. [D-NY]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Summary

Taxpayer Penalty Protection Act of 2019 This bill reduces the amount of estimated income tax that certain taxpayers are required to pay for 2018. Presently, a penalty applies if taxpayers do not use either withholding or estimated tax payments to make a required annual payment before the end of the year. The required payment is the lesser of 90% of the tax for the taxable year or a specified percentage of the preceding year's tax. For 2018, the bill reduces the percentage of the preceding year's tax from 100% to 80%. For taxpayers with adjusted gross incomes for the preceding year that exceed $150,000, the bill reduces the percentage from 110% to 100%.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 6 March 2019

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 6 March 2019

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 6 March 2019

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 6 March 2019

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 6 March 2019

    Open at official source

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Sponsors

Related records

Sources

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