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Let States Cut Taxes Act: Removing Restrictions on State Tax Reductions

This act removes previous restrictions that prevented states and territories from lowering their taxes while receiving federal Coronavirus State Fiscal Recovery funds. This change gives local governments more flexibility in their tax policies, potentially impacting the taxes citizens pay. However, these funds still cannot be used to deposit into pension funds.
Key points
States and territories can now lower taxes without penalty related to federal aid.
Federal COVID-19 recovery funds cannot be used for pension fund deposits.
The changes are effective retroactively from March 12, 2021.
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Expired
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Additional Information
Print number: 117_S_3009
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2021-10-20
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Let States Cut Taxes Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3009.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-10-20.

What are the main provisions?

Key points include:

  • States and territories can now lower taxes without penalty related to federal aid.
  • Federal COVID-19 recovery funds cannot be used for pension fund deposits.
  • The changes are effective retroactively from March 12, 2021.
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 Sen. Braun, Mike [R-IN].

What is the latest detailed status?

The latest detailed status is: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 150.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Economy Local Government