HR 5155 United States House · 117th Congress

Taxpayer Penalty Protection Act of 2021

Summary

Taxpayer Penalty Protection Act of 2021 This bill exempts taxpayers from penalties for failure to pay estimated income tax in taxable years beginning in 2020 if such taxpayers (1) paid at least 70% of the tax due for the current year, and (2) paid 70% (90% if adjusted gross income exceeds $150,000) of tax shown on returns for the prior year.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Sep 2021

Committee Review

Floor Vote

President

Introduced Sep 3, 2021 Last action Sep 3, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

2

Key actions

0

Committee

1

Sep 3, 2021

Committee

Referred to the House Committee on Ways and Means.

lower

Sep 3, 2021

Introduced

Introduced in House

lower

1 primary · 10 co-sponsors

Sponsors

Role

Legislator

Party

State

District

Jefferson Van Drew

Kathy E. Manning

Thomas R. Suozzi