Summary: S.2281 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.2281. Bill summaries are authored by CRS.

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Introduced in Senate (01/04/2018)

This bill amends the Internal Revenue Code to make permanent provisions included in P.L. 115-97 (commonly known as the Tax Cuts and Jobs Act) that: (1) reduced the individual tax rates, and (2) modified the taxation of the unearned income of children. The existing individual tax rates (10%, 12%, 22%, 24%, 32%, 35%, and 37%) are currently scheduled to expire and revert to higher rates at the end of 2025.