6658 -- Protecting Family and Small Business Tax Cuts Act of 2022 | Poliscope

Protecting Family and Small Business Tax Cuts Act of 2022

6658

117th Congress

Taxation

In Committee

Legislative Progress

✓

Introduced

Committee

Floor Vote

Other Chamber

Enacted

Introduced

February 9, 2022

Latest Action

February 9, 2022

Primary Sponsor

Rodney DavisRepublican(IL)

Momentum (last 30 days)

score

0 actions · 0 new cosponsors · 0 votes

Speed vs cohort

0pct

0d open

vs 9,698 other HR bills in the 117th — cohort avg 63d

Summary

Protecting Family and Small Business Tax Cuts Act of 2022 This bill makes permanent provisions affecting individual and business taxpayers that were enacted in 2017 by the Tax Cuts and Jobs Act and are scheduled to expire at the end of 2025. The bill makes permanent provisions that reduce individual and capital gain tax rates. The bill increases the standard tax deduction for individual taxpayers. It also increases and modifies the child tax credit and raises the contribution base for the tax deduction of charitable contributions. The bill allows additional contributions to ABLE accounts (tax-exempt accounts designed to enable individuals with disabilities to save and pay for disability-related expenses). It exempts from taxation combat zone benefits of members of the Armed Forces serving in the Sinai Peninsula of Egypt and the moving expenses of servicemembers. Additionally, the bill lowers to $750,000 the amount of mortgage debt eligible for an interest expense tax deduction; excludes from the gross income of student borrowers income attributable to the discharge after 2025 of loan debt due to death or disability; makes permanent the limitation on the tax deduction for state and local taxes and denies a deduction for foreign real property taxes; makes permanent the tax deduction of the income of certain pass-through business entities; repeals the tax deduction for personal tax exemptions and the exclusion of employer-provided bicycle commuter fringe benefits; terminates certain miscellaneous itemized tax deductions; doubles the estate and gift tax exemption amount; and makes permanent the increase of the alternative minimum tax exemption amount for individual taxpayers.

Lobbying filings that explicitly cite this bill (4)

These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.

Filing registrants (1)

AMERICAN CHEMISTRY COUNCIL (4)

AMERICAN CHEMISTRY COUNCILclient→AMERICAN CHEMISTRY COUNCIL

2022 · fourth_quarter · Taxation/Internal Revenue Code

Open original LDA filing ↗

Cited source text, amounts, lobbyists, and targets

H.R. 257, INVEST Act; H.R. 507, Innovative Energy Manufacturing Act of 2021; H.R. 848, GREEN Act of 2021; H.R. 1062, ACCESS 45Q Act; H.R. 3623, IGNITE American Innovation Act; H.R. 4320, Help our Businesses Recover Act of 2021; H.R. 4408, Carbon Capture Improvement Act of 2021; H.R. 4427, Brownfields Redevelopment Tax Incentive Reauthorization Act of 2021; H.R. 4534, FAIR Transition and Competition Act; H.R. 5376, Inflation Reduction Act of 2022; H.R. 5389, REDUCE Act of 2021; H.R. 6277, Ethylene is Essential for Chemistry and Manufacturing Act; H.R. 6658, Protecting Family and Small Business Tax Cuts Act of 2022; H.R. 6787, Gas Prices Relief Act of 2022; S. 749, American Innovation and Jobs Act; S. 1034, Financing Our Energy Future Act; S. 1298, Clean Energy for America Act; S. 2085, Save Our Future Act; S. 2118, Clean Energy for America Act; S. 2183, Superfund Polluter Pays Restoration Act of 2021; S. 2645, REDUCE Act of 2021; S. 3609, Gas Prices Relief Act of 2022; S. 4355, Clean Competition Act; 25C Tax Credits; Tax Credits for Recycling; Superfund Tax; Tax Reform

Actions (2)

February 9, 2022

Referred to the House Committee on Ways and Means.

February 9, 2022

Introduced in House

Congress.gov source codes: 1000, Intro-H

Committees

Committee	Chamber	Activity	Date
Ways and Means Committee	House	Referred to	February 9, 2022

Text Versions

Version	Date	Links
Introduced in House	February 9, 2022	XML

Cosponsors (111)

Name	Party	State
A. Drew Ferguson IV	Republican	GA
Adrian Smith	Republican	NE
Alexander X. Mooney	Republican	WV

Related Bills (2)

Bill	Congress	Relationship
HR 8913	117th	Related bill
HR 8214	117th	Related bill

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Sources: Congress.gov

AMERICAN CHEMISTRY COUNCILclient→AMERICAN CHEMISTRY COUNCIL

2022 · second_quarter · Taxation/Internal Revenue Code

Open original LDA filing ↗

Cited source text, amounts, lobbyists, and targets

H.R. 257, INVEST Act; H.R. 507, Innovative Energy Manufacturing Act of 2021; H.R. 848, GREEN Act of 2021; H.R. 1062, ACCESS 45Q Act; H.R. 2289, To amend the Internal Revenue Code of 1986 to provide a tax credit to encourage the replacement or modernization of inefficient, outdated freight railcars, and for other purposes; H.R. 2984, INVEST in America Act; H.R. 3538, Coordinated Action To Capture Harmful Emissions Act; H.R. 3623, IGNITE American Innovation Act; H.R. 3633, Greener Transportation for Communities Act; H.R. 4016, USER FEE Act; H.R. 4024, Zero-Emission Nuclear Power Production Credit Act of 2021; H.R. 4204, Affordable HOUSE Act of 2021; H.R. 4320, Help our Businesses Recover Act of 2021; H.R. 4408, Carbon Capture Improvement Act of 2021; H.R. 4427, Brownfields Redevelopment Tax Incentive Reauthorization Act of 2021; H.R. 4534, FAIR Transition and Competition Act; H.R. 4720, Energy Sector Innovation Credit Act of 2021; H.R. 5376, Build Back Better Act; H.R. 5389, REDUCE Act of 2021; H.R. 6277, Ethylene is Essential for Chemistry and Manufacturing Act; H.R. 6658, Protecting Family and Small Business Tax Cuts Act of 2022; H.R. 6787, Gas Prices Relief Act of 2022; S. 749, American Innovation and Jobs Act; S. 1034, Financing Our Energy Future Act; S. 1298, Clean Energy for America Act; S. 1308, American Infrastructure Bonds Act of 2021; S. 1422, INVEST in America Act; S. 1791, FAST Electricity Act; S. 1807, Clean H2 Production Act; S. 1829, Carbon Capture Improvement Act of 2021; S. 2085, Save Our Future Act; S. 2118, Clean Energy for America Act; S. 2183, Superfund Polluter Pays Restoration Act of 2021; S. 2291, Zero-Emission Nuclear Power Production Credit Act of 2021; S. 2378, FAIR Transition and Competition Act; S. 2475, Energy Sector Innovation Credit Act of 2021; S. 2529, IGNITE American Innovation Act; S. 2645, REDUCE Act of 2021; S. 3305, Chemical Tax Repeal Act; S. 3609, Gas Prices Relief Act of 2022; S. 4355, Clean Competition Act; 25C Tax Credits; Tax Credits for Recycling; Superfund Tax; Tax Reform

Client expense: $5,750,000 · Firm income: Not reported

H.R. 6658

BOOTH JAMESON CHRIS JAHN CRAIG COOKSON JOHN SEALE JOSHUA BACA ROSS EISENBERG mr ROBERT FLAGG ms JILL BRUBAKER

Government targets: Environmental Protection Agency (EPA), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of

AMERICAN CHEMISTRY COUNCILclient→AMERICAN CHEMISTRY COUNCIL

2022 · first_quarter · Taxation/Internal Revenue Code

Open original LDA filing ↗

Cited source text, amounts, lobbyists, and targets

H.R. 257, INVEST Act; H.R. 507, Innovative Energy Manufacturing Act of 2021; H.R. 848, GREEN Act of 2021; H.R. 1062, ACCESS 45Q Act; H.R. 2289, To amend the Internal Revenue Code of 1986 to provide a tax credit to encourage the replacement or modernization of inefficient, outdated freight railcars, and for other purposes; H.R. 2984, INVEST in America Act; H.R. 3538, Coordinated Action To Capture Harmful Emissions Act; H.R. 3623, IGNITE American Innovation Act; H.R. 3633, Greener Transportation for Communities Act; H.R. 4016, USER FEE Act; H.R. 4024, Zero-Emission Nuclear Power Production Credit Act of 2021; H.R. 4204, Affordable HOUSE Act of 2021; H.R. 4320, Help our Businesses Recover Act of 2021; H.R. 4408, Carbon Capture Improvement Act of 2021; H.R. 4427, Brownfields Redevelopment Tax Incentive Reauthorization Act of 2021; H.R. 4534, FAIR Transition and Competition Act; H.R. 4720, Energy Sector Innovation Credit Act of 2021; H.R. 5376, Build Back Better Act; H.R. 5389, REDUCE Act of 2021; H.R. 6277, Ethylene is Essential for Chemistry and Manufacturing Act; H.R. 6658, Protecting Family and Small Business Tax Cuts Act of 2022; H.R. 6787, Gas Prices Relief Act of 2022; S. 749, American Innovation and Jobs Act; S. 1034, Financing Our Energy Future Act; S. 1298, Clean Energy for America Act; S. 1308, American Infrastructure Bonds Act of 2021; S. 1422, INVEST in America Act; S. 1791, FAST Electricity Act; S. 1807, Clean H2 Production Act; S. 1829, Carbon Capture Improvement Act of 2021; S. 2085, Save Our Future Act; S. 2118, Clean Energy for America Act; S. 2183, Superfund Polluter Pays Restoration Act of 2021; S. 2291, Zero-Emission Nuclear Power Production Credit Act of 2021; S. 2378, FAIR Transition and Competition Act; S. 2475, Energy Sector Innovation Credit Act of 2021; S. 2529, IGNITE American Innovation Act; S. 2645, REDUCE Act of 2021; S. 3305, Chemical Tax Repeal Act; S. 3609, Gas Prices Relief Act of 2022; 25C Tax Credits; Tax Credits for Recycling; Superfund Tax; Tax Reform

Client expense: $3,130,000 · Firm income: Not reported

H.R. 6658

BOOTH JAMESON CHRIS JAHN CRAIG COOKSON JOHN SEALE JOSHUA BACA ROSS EISENBERG mr ROBERT FLAGG ms JILL BRUBAKER

Government targets: Environmental Protection Agency (EPA), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of