arrow_back Trending Legislation
Share share

States can cut taxes: Federal funds no longer restricted for tax revenue offsets

This bill aims to remove a restriction that prevented U.S. states and territories from using federal aid funds to offset tax revenue reductions. This change gives state governments more flexibility in their tax policies, potentially leading to lower taxes for citizens or businesses. Importantly, the funds still cannot be used to deposit into pension funds.
Key points
States and territories can now cut taxes without losing federal pandemic relief funds.
The requirement to report changes in state tax revenue sources has been removed, simplifying procedures.
Federal funds still cannot be used for pension fund deposits.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Let States Cut Taxes Act
Print number: HR 2002
Sponsor: Rep. Bishop, Dan [R-NC-9]
Process start date: 2021-03-18
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch
Summary & Status

Key Questions about States can cut taxes: Federal funds no longer restricted for tax revenue offsets

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 2002.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-18.

What are the main provisions?

Key points include:

  • States and territories can now cut taxes without losing federal pandemic relief funds.
  • The requirement to report changes in state tax revenue sources has been removed, simplifying procedures.
  • Federal funds still cannot be used for pension fund deposits.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Bishop, Dan [R-NC-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Oversight and Reform.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

Analysis and Potential Impact of HR 2002

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Taxes Economy Local Government