Restoring Tax Fairness for States and Localities Act
This bill increases the tax deduction for state and local taxes in 2019 to $20,000 for persons filing a joint tax return. It eliminates the current $10,000 cap on the deduction in 2020 and 2021.
The bill increases the top marginal income tax rate to 39.6% beginning in 2020, and reduces the dollar amount at which the increased tax rate begins.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2020-01-03 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Finance. | Senate |
| 2019-12-19 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2019-12-19 | Vote | On passage Passed by recorded vote: 218 - 206 (Roll no. 700). | House floor actions |
| 2019-12-19 | Vote | On motion to recommit with instructions Agreed to by the Yeas and Nays: 388 - 36 (Roll no. 699). | House floor actions |
| 2019-12-19 | Floor | The previous question on the motion to recommit with instructions was ordered without objection. | House floor actions |
| 2019-12-19 | Floor | DEBATE - The House proceeded with 10 minutes of debate on the Rice (SC) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to strike and amend language in sections 2(a), 3(a), 4(a), 4(b)(2), 5(a), and 5(c) of the bill. | House floor actions |
| 2019-12-19 | Floor | Mr. Rice (SC) moved to recommit with instructions to the Committee on Ways and Means. (text: CR H12281) | House floor actions |
| 2019-12-19 | Floor | The previous question was ordered pursuant to the rule. | House floor actions |
| 2019-12-19 | Floor | DEBATE - The House proceeded with further debate on H.R. 5377. | House floor actions |
| 2019-12-19 | Floor | DEBATE - The House proceeded with one hour of debate on H.R. 5377. | House floor actions |
| 2019-12-19 | Floor | Considered under the provisions of rule H. Res. 772. (consideration: CR H12270-12284; text: CR H12270-12271) | House floor actions |
| 2019-12-13 | Calendars | Placed on the Union Calendar, Calendar No. 275. | House floor actions |
| 2019-12-13 | Committee | Reported (Amended) by the Committee on Ways and Means. H. Rept. 116-345. | House floor actions |
| 2019-12-11 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 17. | House committee actions |
| 2019-12-11 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2019-12-10 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2019-12-10 | IntroReferral | Introduced in House | Library of Congress |