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Tax Relief: 6-Month Federal Income Tax Holiday for Certain Individuals.

This bill proposes a 6-month federal income tax holiday for certain individuals. This means eligible citizens could see their income tax reduced by half for the first tax year starting after December 31, 2021. However, the benefit will be phased out for those with higher incomes.
Key points
Individuals (not estates or trusts) may receive a 50% reduction in federal income tax for the first tax year beginning after December 31, 2021.
The benefit will be gradually reduced for taxpayers whose adjusted gross income exceeds specific thresholds: $83,550 for joint filers, $55,000 for heads of household, and $41,775 for others.
The aim is to lessen the tax burden on citizens, particularly those with lower and middle incomes.
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Expired
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Additional Information
Print number: 117_HR_7538
Sponsor: Rep. Moore, Barry [R-AL-2]
Process start date: 2022-04-18
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7538.

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 2022-04-18.

What are the main provisions?

Key points include:

  • Individuals (not estates or trusts) may receive a 50% reduction in federal income tax for the first tax year beginning after December 31, 2021.
  • The benefit will be gradually reduced for taxpayers whose adjusted gross income exceeds specific thresholds: $83,550 for joint filers, $55,000 for heads of household, and $41,775 for others.
  • The aim is to lessen the tax burden on citizens, particularly those with lower and middle incomes.
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. Moore, Barry [R-AL-2].

What is the latest detailed status?

The latest detailed status is: Sponsor introductory remarks on measure. (CR H4519)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes