H.R. 8214
Referred to CommitteePERCENTS Act of 2022
Latest Action
Referred to the House Committee on Ways and Means.
6/23/2022 • House
Summary
Permanent Extension of Rate Cuts and Extension of National Tax Simplification Act of 2022 or the PERCENTS Act of 2022
This bill makes permanent provisions in Public Law 115-97 (also known as the Tax Cuts and Jobs Act) relating to individual taxpayers, including the modification of individual income and capital gains tax rates and the increased exemption for the alternative minimum tax. It also increases the standard tax deduction and repeals the limitation on itemized tax deductions.
Introduced in House • 6/23/2022
Topics & Subjects
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Sponsor & Cosponsors (15)
Party Breakdown
Sponsor
Cosponsors (14)
Bill Journey
Originated in the House
Introduced
June 23, 2022
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law