arrow_back Back to App

Let States Cut Taxes Act: Removing Tax Reduction Restrictions

This act removes restrictions on states and territories from lowering their taxes, which were imposed in connection with coronavirus relief funds. This means state authorities can now more freely decide on tax policy, potentially affecting the amount of taxes citizens pay. However, these funds still cannot be used to deposit into pension funds.
Key points
States and territories can lower taxes without losing federal relief funds.
Relief funds from the American Rescue Plan Act still cannot be used for pension funds.
Changes are effective retroactively, as if included in the original American Rescue Plan Act.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_730
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2021-03-11